Another month, another record for house prices. On Friday, the UK’s largest lender, Halifax, reported that the average cost of a home had risen to just under £300,000 after a 1.3% jump in November.
After a pandemic, a cost of living crisis and a mortgage market meltdown two years ago, you might have expected prices to be roughly where they were five years ago – instead, they are up by more than 25%. So, how did the market defy the odds?
