Halifax has reported a 1.7% house price increase for December 2019, the highest monthly increase for the year which saw an overall increase of 4%.
Halifax’s index which is described as “a reliable indicator of property market activity” indicates that the market may have seen an immediate improvement following December’s General Election.
Speaking on the matter, RICS Residential Chairman, Jeremy Leaf said:
“On the ground, there is no doubt that the election and more certainty on Brexit is contributing to recovery in market confidence. Looking forward, we expect higher increases in values in areas where the ratio of house prices to earnings is lower”