From The BBC:
House prices rose by 0.8% in August compared with July – the second monthly rise in a row, says the Halifax.Property values were 10.1% lower in the three months to August compared with the same period a year ago, the survey found. The average UK home was now valued at £160,973, said the Halifax, now part of the Lloyds Banking Group. A lack of supply and greater demand for homes has pushed up prices in recent times, various surveys suggest. “Demand for housing has increased since the start of the year due to better affordability and low interest rates,” said Halifax housing economist Martin Ellis. SurveyThe survey showed that the monthly change in prices had been upwards in four of the first eight months of 2009.
Prices in the three months to August compared with the previous three months were 1.7% higher, the biggest rise in this measure since July 2007. The latest rise pushed the price of the average UK home to a few pounds higher than it was at the end of 2008, but still &poun…
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