Why Choose Us

Call us on;
0208 554 0500

House prices to rise by 8% in 2014, says Halifax

Lender Halifax predicts another year of growth at the current rate, but denies this will result in a bubble.

House prices will end 2014 between 4% and 8% higher than they start the year, but it is “too early to talk of a housing bubble”, the UK’s largest lender has said.

Further economic, recovery and continued low interest rates should support the market, according to Halifax, but several factors – including continuing pressure on household finances – should limit the increase.

The lender has reported a 7% increase in prices in the first 11 months of 2013, which puts the average UK house price at £174,910 at the end of November.