The latest monthly house price survey from Halifax shows prices gained an additional 1.5% in January...
The latest monthly house price survey from Halifax shows prices gained an additional 1.5% in January, taking the annual rate of inflation to 24.9%.
The lender also says affordability remains above the long-term average because interest rates and unemployment both remain low.
A review of the past 20 years of house price reports suggests demand for housing will continue to remain high this year because interest rates, unemployment and affordability all remain "in good shape".
Prices should rise by 9% in 2003 on an annualised basis, Halifax adds.
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