UK house prices near 2022 peak after fifth monthly rise in a row

Halifax says prices grew by 1.7% on an annual basis with the average UK house now costing £291,699

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The average UK house price is now just £1,800 off the peak seen in June 2022 after it increased by 0.4% in February, marking the fifth monthly rise in a row, according to Halifax.

Property prices grew by 1.7% on an annual basis, compared with 2.3% the previous month, the building society said.