Affordability improves as house prices continue their slow, sleepy decline

With house prices continuing to climb more slowly than inflation or wages, the latest Halifax house price index is a further encouraging sign that the overheated market is returning to sanity.

Estate agents placards © DANIEL LEAL-OLIVAS/AFP via Getty Images

(Image credit: Estate agents placards © DANIEL LEAL-OLIVAS/AFP via Getty Images)

The latest Halifax house price index shows the country's properties just 0.9% more expensive than they were this time last year. The average UK home will now cost you £232,249.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.