UK average house prices hit record high...

The average UK house price increased by 0.4% in August, according to the latest Halifax index, hitting a new record high. Across the UK, property values were up by 11.5% annually in August. A typical property now costs a record £294,260, Halifax said – but its report warned that “a more challenging period for house prices should be expected”. Kim Kinnaird, director of Halifax Mortgages, said the latest monthly increase is “relatively modest” compared with recent times, adding: "Over the last year the rate of monthly house price inflation has averaged around 0.9%. A home in Scotland now costs a record high average of £204,362." In London, average house price has increased by 8.8% annually, marking the strongest growth there in more than six years. 

Daily Mail (07/09/2022)   The Daily Telegraph (07/09/2022)   The Guardian (07/09/2022)   The Times (07/09/2022)