UK
house
prices
rose
for
the
third
consecutive
month,
according
to
data
from
Halifax
on
Friday.
The
Halifax
house
price
index
rose
1.1%
on
a
monthly
basis
in
December,
after
rising
0.6%
in
November.
The
typical
UK
home
cost
£287,105
in
December,
around
£3,066
higher
than
in
November.
This
was
the
highest
level
seen
since
March
2023.
On
an
annual
basis,
prices
rose
1.7%,
having
fallen
0.8%
in
November.
“The
average
property
price
is
now
£4,800
higher
than
it
was
in
December
2022.
Whilst
it’s
encouraging
that
we
saw
growth
in
the
last
three
months
of
the
year,
this
was
preceded
with
property
price
falls
for
six
consecutive
months
between
April
and
September,”
noted
Halifax
Mortgages
director
Kim
Kinnaird.
“The
growth
we
have
seen
is
likely
being
driven
by
a
shortage
of
properties
on
the
market,
rather
than
the
strength
of
buyer
demand.
That
said,
with
mortgage
rates
continuing
to
ease,
we
may
see
an
increase
in
confidence
from
buyers
over
the
coming
months.”
Earlier
this
week
data
from
Nationwide
showed
a
different
trend,
with
prices
falling
on
2022
levels.
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