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Halifax gives £4,290 boost to people who live in flats

Halifax gives £4,290 boost to people who live in flats
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London pre-open: Stocks seen up; Halifax house prices in focus

London pre-open: Stocks seen up; Halifax house prices in focus
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Prices of flats are increasing faster than other types of property, says Halifax

Halifax said there has been a switch in demand, reversing the "race for space" that was seen during the coronavirus pandemic as buyers searched for bigger homes

United kingdomRichard donnellAmanda brydenHalifax mortgagesEast midlandsHouse pricesInterest rates

London midday: Stocks maintain gains as Frasers, Anglo rally

London midday: Stocks maintain gains as Frasers, Anglo rally
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Prices of flats increasing more sharply than other property types, says Halifax

One way to compensate for higher borrowing costs is to target smaller properties, the bank said.

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