British house Prices skyrocketed again in March but there big Questions about whether this can continue later in The yearMortgage lender Halifax said Thursday.
Home prices increased 1.4% month-on-month in March bigger rise in six months, the ninth month in a row of increases and follows 0.8% rise in February.
comparison with a year since, house Prices were 11% higher’ said Halifax, slowing down a little growth of 11.2% in February which was highest rate Since 2007.
Halifax said rise Reflect too many buyers chasing too few homes coming to marketBut she warned of mounting pressure on Home finances may weaken house price growth in the coming months.
“Buyers…Deal with Prospect of higher interest rates and a higher cost of living. With metrics of affordability already until far away stretchedThese factors should lead to slow down in house price economic inflation over The next said Russell Galley, Director of Halifax director.
consumer price economic inflation hit A 30-year Average of 6.2% in February and government’s budget The watchdog predicted two weeks ago that the rate would be close to 9%. in Late 2022, which contributed to the biggest fall in Living standards since at least the 1950s.
