House prices in Britain surge to a record high, says Halifax

House prices increased by 0.7% in January, the latest Halifax House Price Index shows

Recently sold house on a leafy suburban street
Average UK house prices are at a record high, Halifax says
(Image credit: tagphoto via Getty Images)

House prices in the UK are now at a record high, with the average price of a property being £299,138, according to Halifax.

This represents growth of 0.7%, more than making up for a 0.2% contraction seen in the market last December.

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Daniel is a digital journalist at Moneyweek and enjoys writing about personal finance, economics, and politics. He previously worked at The Economist in their Audience team.

Daniel studied History at Emmanuel College, Cambridge and specialised in the history of political thought. In his free time, he likes reading, listening to music, and cooking overambitious meals.