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House prices increase for fifth consecutive month

Average house prices rose by 0.4 per cent in February, representing the fifth consecutive monthly rise, research from Halifax has revealed. Halifax’s House Price Index reported the average house price had risen to £291,699 last month, around £1,000 more than the previous month and just £1,800 off the peak seen in June 2022.This was an increase on both a quarterly and an annual basis, as the HPI detailed prices rose by 2.9 per cent when compared to the previous quarter and 1.7 per cent when compared to February 2023.Halifax Mortgages director, Kim...
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