Summary
House prices rose at their fastest rate in almost a year in August after the Bank of England cut interest rates but analysts are sceptical whether it is the start of a new upward trend.
The Halifax house price index climbed 1.6 per cent last month in the biggest increase since September 2004 to an average of pounds 165,967 after a 0.4 per cent gain in July.See the full content of this document
Extract
No Surge in House Prices, Say Analysts
That nudged up annual house price inflation in the three months to August by two tenths of a point to 2....
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