Average UK House Price Soars by 10.8 Percent to Hit Record High: Index

A woman walks past an estate agents window in Darlington, England on March 04, 2021. Ian Forsyth/Getty Images

House prices increased at the fastest annual pace since 2007 in February to hit a new record high, according to an index.

At 10.8 percent, the annual rate of house price growth was the strongest since June 2007, Halifax said.