The average house price reached £294,845 in June but Halifax expects growth to slow.
House prices hit a fresh record in June, according to Halifax, despite expectations the rising cost of living in the UK would dampen demand.
"This is partly because, right now, the rise in the cost of living is being felt most by people on lower incomes, who are typically less active in buying and selling houses. Halifax expects, however, that the "increased pressure on household budgets from inflation and higher interest rates should weigh more heavily on the housing market, given the impact this has on affordability"
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Community devastated after family lose house and pets in fireA community were left devastated after a fire wrecked a family home and killed their two dogs
Read more »
The House of Commons has a long history of sexual misconductBritain’s Parliament has been synonymous with such misbehaviour for centuries. But the current series of scandals still surprises for its quantity and severity
Read more »
Residents blast 'unmanaged party house' plan for Blackpool seafrontResidents of a prominent tourist street in Blackpool have blasted plans for a B&B to change into a self-contained holiday let - over concerns it will become an 'unmanaged party house'.
Read more »
Joe Biden Has Read Brittney Griner's Letter Pleading for Help, White House SaysGriner's letter was delivered through her representatives to the White House on Monday and officials say the president has read it. However Griner's wife, Cherelle, said Tuesday on a morning talk show that she hadn't heard from Biden.
Read more »
Studio Electrophonique: The council house that launched top British bandsA new film tells the story of how a Sheffield car mechanic's home doubled as Studio Electrophonique.
Read more »
Man, 82, dies after van smashes into house in crashThe man tragically died in hospital five days after the smash
Read more »