UK house price growth accelerates, Halifax says

UK house prices picked up last month, rising at the fastest annual pace since November, the Halifax has said.

The lender says prices in the three months to July rose by 3.3% from a year earlier, with the average cost of a house hitting a record £230,280.

Prices in July rose a stronger-than-expected 1.4% from the month before.

Despite the rises, Halifax said housing activity remained “soft”. It also said it did not expect last week’s interest rate rise to have much impact.

The Halifax’s latest survey echoed that of rival Nationwide, which also reported a pick-up in the annual rate of price growth in July.

Nationwide said annual house price growth accelerated to 2.5% in July, with the cost of the average home rising to £217,010.

https://www.bbc.co.uk/news/business-45095021

 

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