UK house prices rising at fastest rate since February 2018
by Rupert Jones from on (#4Z1NY)
Halifax shows rate of growth at 4.1%, partly due to sales delayed amid 2019 uncertainty
UK house prices are rising at their fastest annual rate for nearly two years, according to Halifax, prompting claims that the property market is heading into the crucial spring season in reasonable shape.
Halifax said house prices rose by 0.4% in January, adding just over 1,000 to the average pricetag of 240,054. This was enough to lift the annual rate of price growth to 4.1% - the highest figure since February 2018. As recently as October 2019, this annual figure was below 1%.
Related: Why are Britain's new-builds all so ugly? | India Block
Continue reading...