Property News · September 7, 2017

UK house prices rising amid shortage of properties, says Halifax


Mortgage lender says employment growth may also have boosted prices, although consumers are facing squeezeUK house price growth picked up last month, underpinned by strong employment growth and a shortage of properties on the market, according to Britain’s biggest mortgage lender.The average price of a house rose by 1.1% to £222,293 in August, said Halifax, which is owned by Lloyds Banking Group. Prices in the three months to August were 2.6% higher than a year earlier, up from an annual rate of 2.1% in the three months to July, which was a four-year low. Annual price growth has slowed from a peak of 10% in March 2016. Continue reading…

Source : theguardian.com
Read more…UK house prices rising amid shortage of properties, says Halifax

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