Halifax: House prices rose by 7.5% in 2013
House prices surged by 7.5% annually in December but fell back month-on-month for the first time in almost a year, Halifax has reported.
The year-on-year increase was close to a 7.7% rise recorded in November, which was the highest annual lift seen in six years.
Halifax has predicted that house prices are set to rise this year at a similar pace to 2013, with an increase of between 4-8% across the UK over 2014.
A recent research by the company found that more than half of people think 2014 will be a good time to sell a property, compared with 39% who believe it will be a bad time.