Halifax: UK house prices tread water as mortgage costs rise

Halifax’s latest house price index shows the average house price has remained largely unchanged from December.

a downwards pointing arrow over three houses
(Image credit: © Getty Images)

Annual house price growth has slowed to its lowest level recorded over the last three years, raising further doubts about where house prices will go in 2023. Indeed, some analysts are even predicting house prices could fall by as much as 30% in 2023.

Halifax’s latest house price index showed prices remained largely unchanged in January, with the average property price coming in at £281,684 compared to £281,713 in December.

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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.