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The Guardian - UK
The Guardian - UK
Business
Mark Sweney and Graeme Wearden

UK house prices hit two-year high as market recovers from Truss mini-budget

Streets of residential houses in Bristol, England
UK house prices are up 4.3% on an annual basis. Photograph: Matt Cardy/Getty Images

UK house prices hit a two-year high last month, in the latest sign that the property market has recovered from the aftermath of Liz Truss’s infamous mini-budget that sent borrowing costs soaring, according to the latest figures from Halifax.

The lender said the cost of an average house increased by 0.3% last month, after rising 0.9% in July, pushing the average cost of a property to £292,505.

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