UK house prices hit two-year high, Halifax reveals – what it means for you [Video]

HOUSE prices are on the rise in regions across the UK amid a “promising summer”.

The average UK house price hit a two-year high in August, up 0.3% on the previous month, according to new data from Halifax.

The major lender said the typical property now costs £292,505 – up from £291,268 in July when they rose by 0.9%.

But year-on-year prices are up 4.3%, Halifax added, the strongest rate since November 2022.

But it’s a mixed picture across the UK, with most regions only seeing a fairly moderate increase in house prices.

Northern Ireland continues to have the strongest property price growth of any nation or region in the UK, rising by 9.8% on an annual basis in August.

This means the average price of a property in Northern Ireland is now £201,043.

House prices in Walesalso recorded strong growth, up 5.5%, compared to …