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House prices in England still rising but demand set to cool

The BBC reported according to the UK's largest mortgage lender, growth in UK house prices accelerated again last month, with the average property price now £270,027.
Prices rose 8.1% in the year to October, up from an annual rate of 7.4% the month before.
With interest rate rises still on the horizon, the lender said it expected house-buying demand to cool in coming months as borrowing costs rose.
It added, these would still be "low by historical standards."
"Raising a deposit is likely to remain the primary obstacle for many. The impact on property prices may also be tempered by the continued limited supply of properties available on the market," said Russell Galley, managing director, Halifax, which is part of Lloyds Banking Group.

October was the fourth month in a row of rising house prices, boosting the annual rate of growth to its highest since June.
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The Halifax said the cost of a typical home rose 0.9% in October from the month before, an increase of more than £2,500.
said Mr Galley: "One of the key drivers of activity in the housing market over the past 18 months has been the race for space, with buyers seeking larger properties, often further from urban centres."
He added, temporary measures such as the cut to Stamp Duty had also helped to lift prices, along with an influx of first-time buyers supported by parental deposits.
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In regional terms, Wales remained the strongest performing area, with annual house price inflation of 12.9% and an average house price of £198,880.
In England, the North West has returned to being the strongest performing region. Prices rose by 10.4% over the 12 months, with the average house costing £205,881.
Average house prices in London are still far higher than elsewhere in the country at £514,907.
However, the capital saw the UK's lowest house price growth of just 0.8%.
Source: BBC
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- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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