UK house costs continue to rise

The average UK house now costs more than £150,000 (€225,210) and has seen an 18.5% year-on-year rise as another survey found little evidence of a slowdown in the housing market, despite higher borrowing costs.

The Halifax bank, part of the HBOS banking group, said house prices in March increased by 2.2% from the previous month, with a low supply of housing for sale driving prices higher.