Latest Halifax survey blames households facing a squeeze on finances
UK house price growth is set to slow "considerably" in the coming year, as households face a squeeze on their finances.
That's according to the latest Halifax survey.
The mortgage lender says house prices grew by 0.3% in January, the lowest monthly increase since June 2021.
However, the rise meant the average price hit a record high of £276,759, while affordability remained at "historically low levels".
The average Isle of Man house price is currently £313,192.
New Costa Coffee store opens on Peel Promenade
Guinness strike won't affect Island's supply
Tynwald backs amended motion to strengthen support for Manx produce
Chamber calls for 'fast, simple and meaningful support'
