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UK house prices rose 9.5% in 2015, says Halifax

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UK house prices rose by 9.5% in 2015, according to the lender Halifax, making it the fastest annual increase in nine years.
In the last month, prices went up by 1.7%, said the Halifax, bringing the average price of a home to £208,286.
However, other lenders, such as the Nationwide measure, put the rate of increase much lower.
Last month, it said prices rose by 4.5% in 2015, less than half the Halifax estimate.
Halifax's housing economist, Martin Ellis, said one reason for the sharp increase was the continuing shortage of property for sale.
"This situation is unlikely to change significantly in the short term, resulting in continuing upward pressure on prices," he said.


The last time UK house prices rose so quickly was in 2006, when values soared by 9.9%.
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