Posted by AdviserDirect on 05/09/2019

UK house prices for April show biggest jump for two years

UK house prices for April show biggest jump for two years

UK house prices grew in April at the fastest annual rate in more than two years according to figures from Halifax.

The mortgage lender said prices rose by 5% in the three months to April, compared with the same period a year earlier. It is the fastest annual growth rate since February 2017 and is up from 2.6% in the three months to March. Economists had been expecting a 4.5% increase.

Halifax cautioned that the sharp rise in the annual rate partly reflected the fact that growth was “particularly low” this time last year.

Read full story.

Get our Newsletter