Economics

U.K. House Prices Surged Last Year at Fastest Pace Since 2004

  • Halifax says average value of a home rose 9.8% in 2021
  • Momentum set to slow as households face cost of living crunch
Photographer: Jason Alden/Bloomberg
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U.K. house prices rose for a sixth month in December, capping the strongest year for residential property since 2004, according to Halifax.