We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: UK home costs rise to report excessive
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
UK home costs rise to report excessive
The Tycoon Herald > Economy > UK home costs rise to report excessive
Economy

UK home costs rise to report excessive

Tycoon Herald
By Tycoon Herald 2 Min Read Published February 7, 2025
Share
SHARE

Keep knowledgeable with free updates

Merely signal as much as the UK home costs myFT Digest — delivered on to your inbox.

The common UK home value rose greater than anticipated in January, hitting a brand new report excessive, in response to mortgage lender Halifax.

Home costs rose 0.7 per cent within the month following a dip of -0.2 per cent in December, taking the typical property value to £299,138 in response to new knowledge on Friday.

This was a lot stronger than the 0.2 per cent progress anticipated by economists polled by Reuters.

Nevertheless, annual progress in costs eased barely to three per cent, down from 3.4 per cent within the earlier month.

Amanda Bryden, head of mortgages at Halifax, mentioned the UK housing market had “started the year on a positive note”.

“Affordability is still a challenge for many would-be buyers, but the market’s resilience is noteworthy. There’s strong demand for new mortgages and growth in lending,” she mentioned, including that some first-time consumers may need been keen to finish purchases earlier than an increase in stamp responsibility on the finish of March.

UK home costs rise to report excessive

On Thursday, the Bank of England cut interest rates by a quarter of a percentage point to 4.5 per cent, the lowest since June 2023, supporting the property market.

BoE deputy governor Dave Ramsden said the gradual reduction in rates since August last year was feeding through into mortgage rates, supporting demand.

Friday’s figures distinction with separate knowledge from mortgage lender Nationwide, which confirmed home costs rising solely 0.1 per cent in January, a slowing of the expansion fee.

You Might Also Like

US staff hit by slowing earnings development

UK commerce cope with Gulf states ‘almost done’ after Rachel Reeves go to

Nexperia faces ‘existential threat’ after Dutch seizure, Chinese language proprietor warns

Federal Reserve nears finish of QT amid indicators of stress in cash markets

FirstFT: US expects China to delay uncommon earth export controls

TAGGED:HighHousepricesrecordrise
Share This Article
Facebook Twitter Email Copy Link Print
LSU Star Flau’jae Johnson Rips Thought Of On-Campus Charlie Kirk Statue
Entertainment

LSU Star Flau’jae Johnson Rips Thought Of On-Campus Charlie Kirk Statue

LSU Star Flau'jae Johnson Strongly In opposition to On-Campus Charlie Kirk Statue Printed October 29, 2025 6:57 AM PDT LSU ladies's basketball star Flau'jae Johnson made it clear this week…

By Tycoon Herald 2 Min Read
Israel says it is resuming the ceasefire after its strikes in Gaza kill over 100 individuals
October 29, 2025
Stopping Reece Walsh: England have to focus on the enigma as they appear to maintain Ashes collection in opposition to Australia alive
October 29, 2025
Kim Kardashian’s Well-known Ass Repeatedly Slapped By Sarah Paulson, on Video
October 29, 2025
Hurricane Melissa leaves Jamaica devastated. And, the shutdown’s affect on airports
October 29, 2025

You Might Also Like

FirstFT: EU leaders stall Ukraine mortgage utilizing frozen Russian property
Economy

FirstFT: EU leaders stall Ukraine mortgage utilizing frozen Russian property

By Tycoon Herald 7 Min Read
Buyers wager on Argentine peso devaluation after weekend elections
Economy

Buyers wager on Argentine peso devaluation after weekend elections

By Tycoon Herald 5 Min Read
The worldwide struggle over monetary stability
Economy

The worldwide struggle over monetary stability

By Tycoon Herald 12 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Politics

Israeli Hostage Households Name On Nobel Committee to Award Trump a Peace Prize

Credit score: (Screenshot), C-SPAN, by way of YouTubeCredit score: (Screenshot), C-SPAN, by way of YouTube This…

By Tycoon Herald
Business

Bangladesh chief justice, central financial institution chief stop amid protests By Reuters

DHAKA (Reuters) - Bangladesh's chief justice and central financial institution governor have resigned, officers mentioned on…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?