Halifax: average house price £175,546

7th February 2014

The average price of a house grew to £175,546 in the three months to January, according to the Halifax – up 7.3% on the same period a year ago.

The lender said that prices rose 1.1% in January, following a 0.5% fall during December. The number of houses sold rose for the ninth successive month in December, increasing 30% year-on-year to 103,040. The Daily Telegraph says that the figures will further fuel concerns that a house-price bubble is emerging, although prices are still 12% below the peak of £199,612 in August 2007.

Source:   The Daily Telegraph (07/02/14)