House prices surge past expectations in DecemberStaff Writer |
Britain House prices were up 2.2%
UK house prices rose much more than expected in December, according to the latest figures from mortgage lender Halifax, but the underlying trend remains weak.
On the year, house prices rose 1.3% after a 0.3% increase in November, comfortably beating expectations for a 0.4% jump.
Halifax managing director Russell Galley said: "Overall, house price growth in 2018 was very much within the range of 0-3% as we forecast at the start of the year. In 2019, we're expecting continued stability in house prices with between 2% and 4% price inflation. This is slightly stronger than 2018, but still fairly subdued by modern comparison. ■
What to read next