UK house prices rise by most since November 2024, Halifax says

British house prices rose by the most in more than a year in January, mortgage lender Halifax said on Friday, adding to signs of a recovery in the housing market after finance minister Rachel Reeves’ budget in late November.

The 0.7 per cent month-on-month increase was the biggest since November 2024, following a 0.5 per cent fall in prices in December.

Compared to a year ago, house prices rose by 1 per cent, speeding up from December’s 0.4 per cent growth and taking the average...