The average UK house price remained relatively flat in June, but property values are likely to rise modestly through this year and into 2025, according to Halifax
“Mortgage affordability is still the biggest challenge facing both home buyers and those coming to the end of fixed-term deals. “Buying a first home, upsizing and even downsizing are all major personal finance decisions, which is why confidence in how your country is run is vitally important. Ms Haine added: “Labour will be keen to encourage more first-time buyers to get a foot on the UK’s housing ladder, something that has become a major challenge for many young, and not so young, buyers in recent years who have struggled to find affordable homes in many parts of the country.”
“Annual house price forecasts reflect a more positive outlook than they did in the beginning of the year, helped by headline inflation reaching its target 2%.