India, Feb. 7 -- Easing mortgage rates as well as softening inflation helped to lift British home buyers' confidence that pushed up house prices for the fourth straight month in January, taking the annual growth rate to the highest level in a year.
Data published by the Lloyds Bank subsidiary Halifax and S&P Global showed that house prices grew at a faster pace of 1.3 percent month-on-month in January.
That followed a 1.1 percent gain in December. The pace of growth was forecast to slow to 0.8 percent.
The annual price growth accelerated to a 1-year high of 2.5 percent in January from 1.8 percent a month ago.
A typical house costs GBP 291,029 in January, compared to GBP 287,244 in December.
"The recent reduction of mortgage rates from ...