The housing market "beat expectations" in 2023, with the average UK property value ending the year £4,800 higher than it had been at the end of 2022, according to an index.Property values increased by 1.7% on average across 2023, Halifax said.Average house prices rose by 1.1% month-on-month in December, the third monthly rise in a row.The typical UK house price in December 2023 was £287,105, up from £282,305 in the same month a year earlier.Kim Kinnaird, director at Halifax Mortgages, said: "In

The housing market "beat expectations" in 2023, with the average UK property value ending the year £4,800 higher than it had been at the end of 2022, according to an index.Property values increased by 1.7% on average across 2023, Halifax said.Average house prices rose by 1.1% month-on-month in December, the third monthly rise in a row.The typical UK house price in December 2023 was £287,105, up from £282,305 in the same month a year earlier.Kim Kinnaird, director at Halifax Mortgages, said: "In December, the cost of an average UK home rose for the third month in a row to £287,105, up 1.1% or £3,066, compared to November, reaching the highest level since March 2023."