UK average house prices top £300,000 for first time, Halifax announces

The average UK house price has surpassed the £300 000 mark for the first time on record, according to new data released by mortgage lender Halifax. Britain s largest mortgage provider, part of Lloyds Banking Group, said the typical property was valued at £300 077 in January. This marked a monthly rise of 0. 7 per cent, reversing the 0. 5 per cent fall recorded in December. On an annual basis, prices increased by one per cent. Amanda Bryden, head of mortgages at Halifax, said the housing market