Annual house price growth hit 2.8 per cent

Annual house price growth hit 2.8 per cent

House prices rose almost three per cent at the start of 2019 compared to the same period last year, new figures revealed today.

 

 

Annual house price growth hit 2.8 per cent in the three months to February compared to the corresponding time in 2018, Halifax’s house price index said today – much higher than the 0.8 per cent growth in January.

The value of UK homes rose 5.9 per cent month-to-month, Halifax added, seeing the average UK house price hit £236,800.

Measured on a quarterly basis, growth hit 1.8 per cent as a lack of homes on the market buoyed prices.

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