Halifax, the UK-based mortgage lender, reported a notable rise in home prices in January, signaling a return of momentum and activity to the British housing market following the Labour government’s announcement of its new budget. The data was cited in a report carried by Bloomberg.
The lender explained that the average home price reached about £300,077 (approximately $407,000), setting a new record high after a monthly increase of 0.7%. This rise not only offset the previous month’s 0.6% decline but also surpassed it.
This growth marks the fastest pace since November 2024 after two months of falling prices, reflecting a clear improvement in market performance and reinforcing positive expectations for the future of the UK real estate sector, particularly after a phase of slowdown and contraction during 2025.
