House price inflation picks up with Luton the 2016 hotspot, Halifax says – Katar Investments

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House price inflation picks up with Luton the 2016 hotspot, Halifax says

A town best known for its airport, Vauxhall vans, and as the home of Bake Off winner Nadiya Hussain, was the UK’s property hotspot last year, according to the UK’s largest mortgage lender.

Luton saw house prices rise 19.4% in 2016, the Halifax said.

Annual house price inflation ticked up again last month across the UK, the lender said, with prices rising by 6.5% in the year to the end of December.

That was up from a rate of 6.0% in November and 5.2% in October.

Between March and October 2016, inflation had been easing.

The latest increase leaves the average UK house price at £222,484, according to the Halifax, another record level.

 

full story here http://www.bbc.co.uk/news/business-38554793