LONDON, Jan 5 (Reuters) - British house prices rose in annual terms in December for the first time in eight months, mortgage lender Halifax said on Friday, adding to signs of a stabilisation in the property market after a hit from higher borrowing costs.

House prices were 1.7% higher than a year earlier, Halifax said.

In monthly terms, prices rose by 1.1% from November. (Reporting by William Schomberg; editing by William James)