UK House Prices Flatlined Before Reeves Budget, Halifax Says
Home buyers have enjoyed an easing in mortgage rates this year and climbing real incomes, supporting the market.
Photographer: Hollie Adams/Bloomberg
UK house prices stalled ahead of the budget, according to data from one of the biggest mortgage lenders that suggested fears of tax rises had a dampening effect on the property market.
Halifax said Friday that average property values were unchanged at £299,892 ($400,430) in November after a 0.5% gain the previous month. Values were up 0.7% from a year earlier, the weakest rate since March 2024.