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Evening Standard

Business

Jonathan Prynn

House prices rising at their fastest rate since 2004 says Halifax

(Joe Giddens/PA)
(Picture: PA Archive)

House prices accelerated at their fastest rate in more than 17 years in June despite the wave of interest rate rises over the past six months, latest figures show today.

Nationally average prices jumped 1.8 per cent in the month to £294,845, the 12th consecutive monthly rise, according to data from leading mortgage lender Halifax. The annual rate of growth hit 13 per cent, the highest since late 2004.

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