UK house prices hit record high despite cut in stamp duty break

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Julia Kollewe

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Average prices rose by 0.7% in August, says Halifax, as Vistry Group reports profits rise

The average UK house price reached a fresh record high in August while annual inflation cooled to a five-month low, after the partial end of the stamp duty holiday in England and Northern Ireland.

Halifax, one of the country’s biggest mortgage lenders, said the average cost of a property increased by 0.7%, or £1,789, to £262,954, topping the previous peak of £261,642 recorded in May.

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