The average house price in December rose for the third month in a row by £3,066 to £287,105, reaching the highest level since March 2023.

This marks a 1.1% increase in December, compared to November when average house prices increased by 0.6% month-on-month.

The latest Halifax house price index, released today, has indicated that house prices in December 2023 were 1.7% higher than in the same month last year. This means the average property price is now £4,800 higher than it was in December 2022.