By Daniel Hunter

House prices "bounced back" in January, according to the Halifax.

The mortgage lender said there was a quarterly rise of 1.9% in the three months to the end of January, compared with the three months to December.

Halifax said prices in January alone were 2% higher than in December. It was the biggest such rise for six years.

Annually, prices were up 8.5% in January, compared with 7.8% in December.

"This bounce-back in house price growth in January coincides with reports of the first rise in mortgage approvals for six months in December," said Martin Ellis, Halifax chief housing economist.

Join us on
Follow @freshbusiness