00:00 The national average house price has dropped by 3.9% year on year from Q3 2020 till now.
00:08 It's thought to be down to higher interest rates affecting the affordability of mortgages
00:12 and in turn the number of people looking to get on the property ladder or make a move.
00:17 But according to the experts at Halifax who put together this data, the housing market
00:21 doesn't perform in a uniform way. Kim Kinnard, director of Halifax Mortgages said "There
00:27 are multiple factors which can impact house prices in your local area, ranging from the
00:31 mix of properties available and the extent of any new housing, to the quality of schools
00:35 and abundance of job opportunities."
00:38 The mortgage providers' findings reveal some areas have seen house costs continue
00:42 to rise. Powys in Wales has seen a more than 17% rise in the last year, followed by East
00:48 Lindsay in the East Midlands with a more than 13% rise, and Moray in Scotland with a just
00:53 over 10% increase too, all three bucking the trend of the wider performance of the
00:57 housing markets.
00:58 [BLANK_AUDIO]
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