Halifax UK housing market review and outlook for 2025
UK housing market beat expectations in 2024, with recovery supported by lower mortgage rates and strong wage growth.
Press releases from Lloyds Banking Group and its brands
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UK housing market beat expectations in 2024, with recovery supported by lower mortgage rates and strong wage growth.
It’s a sad news day for scammers, as Lloyds reveals their customers are getting wise to fraudsters' tricks, with reports of online shopping scams fell by a fifth (20%) in the 12 months to the end of September.
The latest Lloyds Business Barometer found that confidence fell in November, with the index dipping three points to 41%. Considerably above the long-term average of 29%, the change followed a period of sustained positivity from businesses, as confidence reached the highest level reported since 2015 during May, July and August this year.
Modest house price inflation, combined with strong wage growth, means buying a home is becoming more affordable relative to income, according to new research from Halifax, the country’s biggest mortgage lender.
The latest Lloyds UK Sector Tracker reveals that in October, food and drink manufacturers recorded the fastest output growth of all sectors for the fourth consecutive month (65.3 vs. 66.1 in September).
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