After declining slightly in the third quarter of 2023, the value of the Halifax standardized house price increased in the fourth quarter of the year. The average house price stood at approximately 287,000 British pounds in December, up from approximately 279,000 British pounds in September 2023. The correction is a result of the combination of the rising interest rates, dramatic house price increase since the beginning of the coronavirus pandemic, and the low housing inventory.
Halifax standardized house price in the United Kingdom (UK) from December 2018 to December 2023
(in 1,000s GBP)
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Lloyds Banking Group. (January 4, 2024). Halifax standardized house price in the United Kingdom (UK) from December 2018 to December 2023 (in 1,000s GBP) [Graph]. In Statista. Retrieved September 21, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/289097/uk-housing-market-halifax-standardised-house-price/
Lloyds Banking Group. "Halifax standardized house price in the United Kingdom (UK) from December 2018 to December 2023 (in 1,000s GBP)." Chart. January 4, 2024. Statista. Accessed September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/289097/uk-housing-market-halifax-standardised-house-price/
Lloyds Banking Group. (2024). Halifax standardized house price in the United Kingdom (UK) from December 2018 to December 2023 (in 1,000s GBP). Statista. Statista Inc.. Accessed: September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/289097/uk-housing-market-halifax-standardised-house-price/
Lloyds Banking Group. "Halifax Standardized House Price in The United Kingdom (Uk) from December 2018 to December 2023 (in 1,000s Gbp)." Statista, Statista Inc., 4 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/289097/uk-housing-market-halifax-standardised-house-price/
Lloyds Banking Group, Halifax standardized house price in the United Kingdom (UK) from December 2018 to December 2023 (in 1,000s GBP) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/289097/uk-housing-market-halifax-standardised-house-price/ (last visited September 21, 2024)
Halifax standardized house price in the United Kingdom (UK) from December 2018 to December 2023 (in 1,000s GBP) [Graph], Lloyds Banking Group, January 4, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/289097/uk-housing-market-halifax-standardised-house-price/