Halifax: House prices near a two-year high – will they continue to rise?

Despite affordability pressures, house prices grew at their fastest annual rate in almost two years in August, Halifax says

Row of colourful houses in Chelsea
(Image credit: Peter Dazeley/Getty Images)

House prices were up 4.3% in August compared to the same period a year ago, according to the latest data from the Halifax house price index. This is the strongest rate of annual growth since November 2022. 

On a monthly basis, house prices rose at a slower rate in August than July, inching up by 0.3% compared to the previous month’s 0.9%, but remained in positive territory. The average property now costs £292,505. 

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.