The annual growth in prices slowed to 3.0%, which is the weakest rate since July 2023, but Halifax said the market was showing "noteworthy" resilience. Amanda Bryden, head of mort

House prices climbed by 0.7% in monthly terms last month after falling by 0.2% in December, Halifax said, above a 0.2% increase forecast by economists in a Reuters poll. Prices increased by the most in nearly a year in the three months to January.

UK house prices reached a new record average high in January of nearly £300,000, according to Halifax. The average property price was £299,138 as house prices increased by 0.7 per cent month-on-month and three per cent annually.