UK house prices hit two-year high as market recovers from Truss mini-budget

Average cost of property rose 0.3% to 292,505 in August, says Halifax, after largely positive summer'

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UK house prices hit a two-year high last month, in the latest sign that the property market has recovered from the aftermath of Liz Truss's infamous mini-budget that sent borrowing costs soaring, according to the latest figures from Halifax.

The lender said that the cost of an average house increased by 0.3% last month, after rising 0.9% in July, pushing the average cost of a property to 292,505.