Halifax: Average house prices now at over £212,000

Average house prices in January stood at £212,430 say the Halifax.

The ‘seasonally adjusted’ average was 9.7% above that of January 2015 and was a 1.7% rise on December.

Economist Martin Ellis said: “The imbalance between supply and demand continues to exert significant upward pressure on house prices. This situation looks set to persist over the coming months.”