Monday, 8 January 2018

Halifax says house prices rose by 2.7% in 2017 compared with 6.5% increase in 2016

House prices grew much more slowly in 2017 than in the previous year, the UK's largest mortgage lender has reported.

The Halifax said prices rose by 2.7% in 2017 - compared with a 6.5% increase in 2016. On a calendar year basis, that is the lowest rise since 2012.

The slowdown was driven by a squeeze on real wage growth and continuing uncertainty over the economy, it said.

At the end of the year the average house price across the UK was £225,021.

chart of house price growth

The Halifax research echoes last week's figures from the Nationwide, which suggested prices rose by 2.6% in 2017.

BBC      News.