UK house price recovery at mercy of coronavirus, warns Halifax

Bank says Brexit worries are no longer holding back sales but virus could hit property market

House prices hit a fresh peak in February, according to Halifax, but the bank issued a warning about the potential impact of the coronavirus outbreak on the property market later in the year.

The UK's biggest mortgage lender said prices rose by 0.3% in February to a record of 240,677. The quarterly rate of house price inflation also rose to 2.9%.