Halifax: UK House Prices Rose at The Fastest Annual Pace Since 2016

Mortgage Halifax said British home prices rose in October at the fastest annual pace since June 2016, although there were signs of momentum dissipating as the COVID-19 pandemic escalated.

Halifax added that house prices increased 7.5% in October compared to a year ago, and compared to a 7.3% annual growth in September.

But in October alone, house prices rose 0.3%, the weakest growth in four months.