UK house prices rise but cost of living crisis will cool market, says Halifax

The price of the average UK property in April is up 10.8% on the same month last year. Photograph: Roger Bamber/Alamy

UK house prices rose again in April, extending the longest run of monthly increases in six years, according to Halifax, but the lender said rising interest rates and squeezed household budgets would cool the market over the next year.

The average cost of a home rose by 1.1% in April, the 10th consecutive monthly rise in the longest run since 2016, to a record high of £286,079.