UK house prices up 1.7% in December, lifting annual rise to 4%

UK house prices leapt unexpectedly in December, rising by 1.7% from the previous month to push the annual increase to 4%, according to Halifax data. Combined with November’s rise of 1.2% month on month, the Halifax index recorded a 2.9% gain across the last two months of 2019, the strongest result since February 2018. Against the backdrop of a bitterly fought general election campaign and concerns that the outcome may leave the UK’s relationship with the EU uncertain, house buyers remained confident enough about the property market to bid up prices. A poll of City economists by Reuters had expected the survey to show a 0.2% decline month on month to reflect the more downbeat trend shown by m

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