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The UK region where house prices are dropping more than anywhere else

Worst region in the country for house price drops as property values plunge by £17,755 (Image: Getty) While the UK housing market "beat expectations" in 2023 with an overall average price increase of 1.7 percent, some regions saw property values fall by as much as 4.5 percent. According to the latest Halifax House Price Index (HPI), properties in southern England lost thousands in value by the end of last year. House prices in the South East plunged by as much as £17,755 (-4.5 percent), while the South West saw the second largest price fall of 3.9 percent. Meanwhile, Northern Ireland recorded the strongest house price growth in…

The best-selling new cars and brands of 2023: Is your motor among the 10 most…

The best-selling new cars and brands of 2023: Is your motor among the 10 most popular models? Industry data has revealed which are the best-selling brands, models, EVs and vans of the last 12 months Crown of the most-bought motor has returned to Ford after a two-year hiatus - but it's not gone to the Fiesta Three British-built models are among the 10 most popular cars of the last 12 months - here's the countdown By Rob Hull Updated: 11:08, 5 January 2024 e-mail View comments The top 10 best-selling new cars of 2023 have been confirmed by official industry figures - and it confirms Ford's return to top spot... but not with the…

Construction sector continues decline in December, but pace slows – survey

Business | Business News The long-running woes for UK builders continued in December, but showed some signs of coming off recent lows, a new survey has suggested. Construction companies reported a recent slump in housebuilding continued last month, but the firms started hiring a little more, hopeful that 2024 might bring better conditions. The latest S&P Global/ CIPS construction purchasing managers’ index scored 46.8 in December, up from 45.5 in November. Analysts had expected a score of 46.4. Any score that is lower than 50 means that the sector is contracting, the further below 50 it gets the faster that contraction is…

House prices 'rise for third month in a row'

House prices have risen for the third month in a row, according to new figures from Halifax. The bank said the average cost of a UK home was £287,105 in December. The figure is up 1.1% from the month before and is also the highest level since March 2023. Halifax's director of mortgages, Kim Kinnaird, said the market also beat expectations in 2023, growing by 1.7% on an annual basis. However, this differs from analysis by other lenders. A similar report by Nationwide last week reported that average prices fell by 1.8% over the course of the year, with no change month-on-month. Money blog: Calculate how your take-home pay is changing…

House prices rose by 1.7% in 2023 says Halifax - but it predicts fall for 2024

House prices rose by 1.7% in 2023 says Halifax - but it predicts fall for 2024 Average prices rose for third month in a row, rising by 1.1% in December Typical UK home costs £287,105 - £4,800 higher than it was in December 2022 Halifax 1.7% annual rise is at odds with Nationwide which said prices fell 1.8% By Ed Magnus Updated: 04:06 EST, 5 January 2024 e-mail View comments House prices have defied expectations and risen by 1.7 per cent in 2023, according to the latest figures from Halifax. The mortgage lender said average prices rose for the third consecutive month in a row, going up by 1.1 per cent in December alone. The typical…