House prices grow at fastest rate for nearly 15 years

By Carl Brown2022-03-07T12:00:00

No sign of a slowdown yet, Halifax index data shows

House prices have risen 10.8% in a year, the highest rate of annual growth since June 2007, according to the Halifax House Price Index.

The index shows the average UK property is now worth £278,123, with the £27,215 year-on-year growth the biggest rise in cash terms on record. Prices have now risen in eight successive months.

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