Sep
10

ANNUAL HOUSE PRICE GROWTH AT NINE-MONTH HIGH, HALIFAX SAYS

UK House Price UpUK house prices picked up last month, rising at the fastest annual rate since November, according to the Halifax.

In the three months to August, prices climbed by 3.7% from a year earlier, up from 3.3% annual growth in July.

However, the monthly change was just 0.1%, leaving the average cost of a house little changed at £229,958.

Russell Galley, managing director of the Halifax, said low interest rates and a “constrained” supply of homes for sale were supporting prices.

He added that household finances were being helped by “a low unemployment rate and a gradual pick-up in wage growth”.

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