Saturday, March 6, 2021
Home Uncategorized UK house prices jump at fastest rate in four years

UK house prices jump at fastest rate in four years

Average price of home tops £250,000 but Halifax says Covid controls will slow down market

UK house prices rose at the fastest annual rate in more than four years in October but the mortgage lender Halifax said the market would slow over the coming months because of new coronavirus lockdown rules and a weaker economic backdrop.

Halifax said in October the average price of a home topped £250,000 for the first time, with prices up 7.5% compared with a year earlier. It was the strongest rate of annual growth since June 2016.

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