House prices ended 2012 on a high with growth in the final quarter of the year, according to the latest Halifax house price index.
The lender said that house prices grew 0.6% in the three months between October and December, the first rise since May. Prices in the final month of the year were up 1.6% on November levels, although this figure was marginally down on December 2011. Overall, there were six monthly rises and six decreases during 2012. The average house price in the UK stood at £163,845 at the end of the year. This level represents 4.52 times the average earnings of a full time worker in the country. Halifax said it expected house prices to remain steady during 2013. It said that ‘subdued economic gr...
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