After a busy summer in the housing market, the increase in house prices gradually slowed down. Nevertheless, both demand for new homes and property prices are pointedly higher than in the same period of 2013, signifying the ongoing recovery of the market following several difficult years.
Figures from Nationwide suggested that house prices continued to increase in August, if only slightly. The building society’s house prices index showed that UK house prices increased by 0.8% in August marking their sixteenth consecutive monthly price rise.
Halifax’s monthly house price index data revealed that house prices in the three months from June to August 2014 were 3.0% higher than in the previous three months (March to May).
Courtesy of British Association of Removers r&s magazine October 2014, Nationwide and Halifax