The latest Halifax house price index has revealed that over the last three months of 2016, the average price of a home in the UK was 2.5% higher than in the previous three months.
Other Key findings
- The quarterly rate of change in December was the highest seen since March 2016.
- Prices in the three months to December were 6.5% higher on an annual basis.
- Despite the increases in November and December, the annual rate remains below the 10.0% peak reached in March 2016.
- House prices increased by 1.7% between November and December – the fourth successive monthly rise and also the biggest since March 2016.