Year-on-year house prices are at the strongest rate since November 2022, according to Halifax data

Average UK house prices edged up further in August following a July rise of 0.9%, according to the latest data released by Halifax.

The price of a typical home in the UK edged up by +0.8% in July, following three months of little movement, according to the latest data from Halifax.

UK house prices have paused in the lead-up to next month's General Election, down just -0.1% on a monthly basis.

The latest figures from Halifax show that the housing market is still finding its feet in a sea of higher interest rates.

The 'race for space' is over, according to Halifax who say that rising demand for smaller homes has helped to drive growth in UK property prices in the early months of this year.

Annual house price growth slowed in March following five consecutive months of growth, however, house prices remain up on last year.

The price of a typical UK home is now only £1,800 below its June 2022 peak, according to the latest Halifax data.

UK house prices have seen a positive start to the year with a 1.3% rise in January, according to the latest data released by Halifax.

The latest figures released by Halifax have shown that average UK house prices rose by +1.1% in December, the third monthly rise in a row.