LIVE
Just published.
Human review coming soon.
Human review coming soon.
UK House Prices Hit £300,000 in January
UK house prices reached £300,000 for the first time in January. This is the average price for all UK homes.
Prices rose 0.7% in January. This was the fastest growth since November 2024.
Halifax says this price level may worry first-time buyers. Higher prices make homes harder to afford for young people.
Klear Note — UK house prices have risen steadily for years. First-time buyers need money for down payments. Higher prices mean they need to save more money.
Key Terms 2
- Halifax
- A major UK bank that tracks house price changes across the country.
- First-time buyers
- People buying their first home, usually younger and with less money saved.