Halifax House Price Index March 2025 – Thoughts from the Industry
The latest Halifax data shows that bigger homes driving house price growth as flats lag behind. Here are some thoughts from the Industry.
Toby Leek, President of NAEA Propertymark, the professional body for estate agents:
“Not only are buyers looking to take advantage of easing interest rates to secure a bigger home, but other trends, such as a continued increase in people looking for parking spaces and electric vehicle charging, as well as the surge in desire for outside space post-pandemic are pushing more buyers to pursue larger properties with driveways and gardens, moving away from apartments and flats.
“Terraced homes are likely proving popular amongst buyers as they often offer a home with a larger garden and parking at a more affordable price allowing many to maintain a sustainable financial balance.
“As different areas across the country offer more value for money, it’s likely we will continue to see buyers adjusting their criteria and broadening their search areas.”
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