The latest Halifax House Price Index showed a continuing, if shallow, decline in purchase values in January – with the average home now selling for £12,500 less than the August 2022 peak (although still higher than January 2022). The softer prices, combined with settling mortgage rates, could encourage greater activity among fi rst-time buyers and those looking to move up the ladder. Sellers are retaining confi dence thanks to the relatively mild curve; ensuring the market keeps moving.

10 February 2023