House prices rose by another 1.1% last month as the property market continues to defy expectations.
Today’s report from high street lender Halifax shows a new record average price of £276,091, representing a rise of over £24,500 or 9.8% during 2021. This is the strongest annual growth since July 2007, driven by a lack of available homes for sale and low mortgage rates.
On financial markets, the FTSE 100 index is experiencing a calmer session after falling 0.9% yesterday. However, US jobs figures due to be published later today have the potential to cause further turbulence.
