Halifax: house prices rise for the fourth consecutive month

UK house price growth has hit its highest annual level since January 2023 as confidence returns among buyers and sellers. Will house prices still fall in 2024?

Row of houses in Notting Hill, London
(Image credit: Alexander Spatari)

UK house prices rose by 1.3% in January, the latest data from Halifax reveals- marking the fourth consecutive increase and the highest annual rise of 2.5% since January 2023. 

This puts the average property price at £291,029, which is almost £4,000 more than the previous month. 

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.