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.
Hospitality sector continues calls for support
Chamber of Commerce calls on gov to address immigration challenges
Businesses 'need two freight sailings per day'
Manx law firm offers support to Michael Dunlop
Steam Packet reports strong Q1 passenger figures
Surge in first time buyers enquiring about mortgages
