The UK's largest mortgage lender said the average price hit £293,399 in September, just short of the record £293,507 reached in June 2022. Prices have now risen for three months

LONDON (Reuters) -British house prices rose in September at the fastest annual pace since November 2022, according to data from mortgage lender Halifax, as expectations of further reductions in borrowing costs added to momentum in the property sector.

UK house prices climbed for a third consecutive month in September as cheaper mortgages and increased incomes spurred more buyers into the market, data from Halifax showed.

House prices rose for the third month in a row in September, according to the latest figures from Halifax, bringing the average home within £108 of the 2022 peak. Property values surged 4.7 per cent annually,

British house prices rose by 0.3% in September from August, mortgage lender Halifax said on Monday. The rise matched the increase seen in August. A Reuters poll of economists had mostly expected an increase of 0.