The average cost of a UK home passed £300,000 for the first time in January, as house prices increased at the fastest rate since November 2024. Data released by Halifax showed that house prices rose 0.7% month on month in January, the fastest rate since a 1.1% increase was recorded in November 2024. On an annual measure, prices grew 1%. Halifax, which is part of Lloyds – Britain’s biggest mortgage lender – estimates that the average price of a UK home hit a record £300,077 last month. However, Nationwide, which also releases monthly estimates on house prices, puts the average
Government figures to hand over private messages with Mandelson
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