Double-digit annual house price growth
In February, house prices rose at their fastest since June 2007 according to the Halifax.
They’re up 10.8% in a year, to an average £278,123. That means typical house prices are up £27,215 in a year – the biggest annual gain since the index launched 39 years ago.
According to the latest Halifax figures, seven regions of the UK are now seeing double-digit annual house price inflation, highlighting not only the strength but the breadth of gains across the country.
House price growth remains robust in Scotland too at 9.2% annually – again testament to the strength of house prices right across the UK. The average property price edged up to £193,777 in February.
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