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Monday 9 April 2018

Halifax records highest ever average price

Record high for UK housing

Haven't checked in on UK house prices for a while.

Halifax record a standardised average price of £227,871 for March 2018.

That's the highest figure ever recorded. 

Prices for the first three months of the year were +2.7 per cent higher than a year earlier. 

Halifax also reported that mortgage affordability was at the best level in a decade. 

However, mortgage rates would almost certainly have to rise from where they have been - which is to say at incredibly low levels.