Average UK house price rises above 300,000 for the first time

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"The average UK house price has jumped by 0.7 per cent month-on-month, rising above 300,000 for the first time, Halifax has reported. On an annual basis, property values increased by 1.0 per cent typically in January, taking the average price to 300,077. Amanda Bryden, head of mortgages at Halifax, said the housing market entered 2026 on a steady footing, with average prices rising by 0.7 per cent in January,"

"more than reversing the 0.5 per cent fall seen in December. Annual growth also edged higher to 1.0 per cent, pushing the cost of the typical UK home above 300,000 for the first time. While that's undoubtedly a milestone figure, and activity levels show a resilient market, affordability remains a challenge for many would-be buyers. The last time the monthly jump in house prices was higher was in November 2024, when it was 1.1 per cent, Halifax said."

The Independent emphasizes on-the-ground reporting across issues including reproductive rights, climate change and Big Tech and relies on reader donations to fund journalists who report both sides. The outlet highlights investigations such as Elon Musk's pro-Trump PAC and a documentary about American women fighting for reproductive rights. Halifax reports the average UK house price rose 0.7% month-on-month to about £300,077, with annual growth at 1.0% and three-year increases of 5.7%. Amanda Bryden says the market entered 2026 on a steady footing, though affordability remains a challenge for many buyers.

Read at www.independent.co.uk