House prices up 4.2% since Jan - Halifax

Prices went up by 1.4% in November, with the average price of a UK house now £167,664. The rise means house prices have now increased 4.2% since the start of the year. However, prices remain 1.6% lower than a year ago. According to the mortgage lender, house prices plunged to their lowest point in April. Prices have also been inflated because of the shortage of houses on the market, but if more homes are put up for sale in 2010 then prices will likely remain flat, said Halifax. Martin Ellis, economist at Halifax, said: "The recovery in house prices since the spring has been dri...