A home in the UK now costs £286,000 on average
(Picture: Shutterstock / ZGPhotography)The cost of an average house in the UK has risen by £47,500 in two years but the cost of living crisis and rising interest rates will soon cool the market, Halifax says.
The average cost of a home rose by 1.1 per cent in April to a record high of £286,079, according to the latest Halifax House Price Index. It marks the tenth consecutive monthly rise, the longest run of increases since 2016.
