U.K. House Prices Surge Most in Almost Three Years, Halifax Says
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U.K. house prices rose the most in almost three years in March, boosted by demand from first-time buyers before the expiry of a tax holiday on some home purchases, Halifax said.
Prices jumped 2.2 percent from February to an average 163,803 pounds ($260,300), the mortgage unit of Lloyds Banking Group Plc said in an e-mailed statement in London today. That’s the biggest monthly increase since May 2009. From a year earlier, values were up 0.8 percent.