UK house price average surges by £4,000 in December

Rise of 1.7% takes 2016 increase to 6.5%, pushing ratio of prices to earnings to just shy of pre-financial crash all-time highThe average UK house price surged by nearly £4,000 in December in the fastest acceleration in values since the Brexit vote, according to Halifax.
Prices rose by 1.7% in December alone, reaching a new all-time high of £222,484 and pushing the ratio of house prices to earnings to 5.81, just shy of its all-time high of 5.83 in July 2007 before the financial crisi