UK house prices rose for a third consecutive month in December amid a shortage of properties on the market, but are forecast to drop this year, according to Halifax.
Britain’s biggest mortgage lender, which this week joined in new year rate cutting, said that property prices grew by 1.1% in December, after a 0.6% rise in November and a 1.2% increase in October. A typical home in the UK is now worth £287,105, about £3,000 more than in November.
