Halifax: Average UK house prices top £250,000 for the first time in history

Posted on Thursday, November 12, 2020

Newly released data from Halifax has revealed that during October, average house prices across the UK topped £250,000 for the first time ever following the strongest growth in over four years.

Halifax data shows that on a monthly basis, house prices in October saw a 0.3% rise against September and between August and October, saw a 4.0% rise against the preceding three months.

Driven by the mini-boom, research shows that house prices in October were 7.5% higher than in the same month a year earlier – the strongest growth since June 2016.

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