UK Homes Rank Worst for Value for Money Among Developed Economies
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House prices in the UK continue to rise, with the average cost of a home reaching £291,029 ($366,792), according to the latest data from Halifax . This represents a 2.5% annual increase, the highest growth rate since January 2023 . The average price of a UK home rose by £3,900 ($4,911) from the previous month . However, house prices in South East England are still facing downward pressure . On the other hand, Northern Ireland, Scotland, and Wales reported the strongest growth in house prices .
According to data from the UK's Royal Institution of Chartered Surveyors (RICS), new buyer enquiries for house prices in the UK reached their strongest point in almost two years . The measure of house prices rose to -18%, its highest level since October 2022, surpassing the expected -25% and an impr...
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