4.3%
is the percentage by which house prices have increased on an annual basis since November 2022, according to the Halifax House Price Index. Prices are increasing consistently from one month to the next, climbing by 0.3% in August this year after a 0.9% increase in July. The growth rate is partly in response to an uplift in buyer activity since the beginning of 2024, with a notable increase since the general election. With the recent cut to interest rates, the trend is expected to continue.