Economic Buzz: UK Halifax House Price Inflation Rises At Fastest Pace Since 2007

7 Mar 2022 , 03:21 PM

UK house prices rose at the fastest annual pace since mid-2007 to a record high in February, survey data from the Llyods Bank subsidiary Halifax showed Monday. The house price index rose 10.8 percent year-on-year, which was the biggest increase since June 2007, when it was 11.9 percent. House prices climbed 9.7 percent in each of the previous two months. On a month-on-month basis, house prices rose 0.5 percent in February after a 0.2 percent climb in January. The average house price set a new record high of GBP 278,123 versus GBP 276,645 in the previous month.

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