House price growth has been slowing over the past few months on the back of falling mortgage approvals.
However, new figures from the UK’s largest mortgage lender have revealed a reversal to this trend, with a sharp rise in house prices.
Sharp house price rise
According to the Halifax, house prices rose by 2% in January, the highest rise in the first month of the year, for the past six years.
Over the past quarter prices are up 1.9% and have risen by 8.5% over the past year, taking the value of ...