UK house prices will continue to rise strongly, says Halifax

Year-on-year growth at 9% despite slight decrease last month, says lender as Bank of England reports further fall in rates on gross mortgage advances

The Halifax has warned that house prices will continue to rise strongly after the Bank of England reported that homebuyers are taking advantage of record low interest rates to secure mortgages.

Britain's biggest mortgage lender said on Tuesday that house prices rose by 1.4% in the past three months and by 9% at an annual rate, despite a small 0.2% fall in November alone.

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