House prices rose for the second month running in June, adding £745 to the value of an average property, according to Halifax. The new figures are also broadly in line with that of its main rival. Nationwide Building Society said prices rose by 0.5% in June, and that annual price growth was running at 2%.

The latest data and analysis from Halifax has also revealed that house prices in the three months to July increased by 3.3% against the same period a year earlier with their figures indicating that house prices rose to hit a new record of £230,280.

Halifax revealed that on a monthly basis, prices rose by 1.4% in July, while in the latest quarter (May-July) prices were 1.3% higher than in the preceding three months (February-April 2018)

According to Land Registry data as of April 2018 the average house price in the UK is £226,906, and the index stands at 119.01. Property prices have risen by 1.2% compared to the previous month, and risen by 3.9% compared to the previous year.