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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Price of average UK home passes £300,000 for first time, Halifax says

Halifax United Kingdom Nationwide
Mews houses in England on a sunny day.
Halifax estimates that the average price of a UK home hit a record £300,077 in January. Photograph: Alexander Spatari/Getty Images

The average cost of a UK home passed £300,000 for the first time in January, as house prices increased at the fastest rate since November 2024.

Data released by Halifax showed that house prices rose 0.7% month on month last month, the fastest rate since a 1.1% increase was recorded in November 2024. On an annual measure, prices grew 1%.

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