House prices rose 11.5% per year in August 2022, according to the latest report from Halifax. The average UK house price hit a record £294,260, raising the rungs on the property ladder further out of reach for home buyers as the cost of living crisis continued to bite. The figure represented a 0.4% rise month-on-month, […]

The post House prices reach record £294,260 in August appeared first on UK Investor Magazine.

House prices have fallen for the first time since June 2021, according the latest report from Halifax. Prices dipped by 0.1% in July 2022, and the annual rate of growth eased to 11.8% from 12.5%. Halifax noted a typical UK property currents costs £293,221, representing a £365 reduction against June 2022. The tiny fall marks […]

The post House prices fall for first time since June 2021 appeared first on UK Investor Magazine.

The main UK index slumped on Friday as the FTSE 100 was trading down 1% to 7,424 on the back of concerns over rising interest rates and surging inflation could damage economic growth. Oil prices rose 1.7%, bringing the price of a barrel of Brent crude to $112 and crossing the $110 mark after the […]

The post FTSE 100 sinks as investors fret about global growth, brokers upgrade Shell appeared first on UK Investor Magazine.

Halifax’s Housing Price Index (HPI), released today, confirmed record house prices, with monthly prices up 1.1% in April, marking it the 10th consecutive monthly rise in the longest run since 2016. The index found that the average house price hit a new high of £286,079 with a 1.1% rise in April, however, Halifax mentioned that […]

The post UK Housing prices rises for 10th consecutive month in April appeared first on UK Investor Magazine.

House prices in the UK have increased at their fasted rate since 2016. In October, house prices jumped 7.5% according to data from Halifax. The average property now costs £250,457. On a month-by-month basis, prices increased just 0.3% between September and October. Despite the growth this year, Russell Galley, Managing Director at Halifax, has warned […]

The post House prices hit record high – but for how long? appeared first on UK Investor Magazine.

UK house prices are continuing to grow as mortgage applications hit a 12-year high. The average house price in September was £249,870 – a 1.6% rise from August. According to Halifax, the market is surging as people are looking for more space following the lockdown. However, growth is not expected to continue. Due to the […]

The post House prices continue to surge post-lockdown – but will the growth continue? appeared first on UK Investor Magazine.

After an update to their online banking app, customers of the UK’s largest current account provider, will be able to use Open Banking as part of the Lloyds Banking Group Plc (LON:LLOY) service. After being introduced by Bank of Scotland in December 2018, open banking functionality has been rolled out across six banks, with customers […]

The post Lloyds’ new app feature allows customers to see accounts with rivals appeared first on UK Investor Magazine.

Despite some signs of resurgence in the housing market, banking group Halifax (LON:HALP) have compounded ongoing woes for UK house prices in 2018, citing the lowest annual growth in the last five years. The Halifax House Price Index is the UK’s longest-running series that compares house prices and property price movements on a like-for-like basis. […]

The post Halifax cites house price growth at five-year low appeared first on UK Investor Magazine.