Steady Increase of House Prices as Buyers Await Interest Rate Cut, Reports Halifax

Annual Rise in House Prices Amid Interest Rate Speculations

Halifax's recent report has highlighted a continual increase in house prices despite ongoing speculations around an interest rate cut by the Bank of England. Experts predict a substantial impact on the market dynamics once the rate adjustment takes place.

Buyer-Seller Standoff Amid Uncertainty

Both buyers and sellers are currently in a standoff position, waiting for a potential rate cut before making any significant moves in the real estate market. This anticipation is keeping the market somewhat muted, with hopes of a major resurgence post the anticipated rate adjustment.