This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6927307.stm
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| House prices rise again in July | House prices rise again in July |
| (about 5 hours later) | |
| House prices went up by 0.7% across the UK last month, according to the latest survey from the Halifax bank. | House prices went up by 0.7% across the UK last month, according to the latest survey from the Halifax bank. |
| The Halifax said July was the fourth month in a row to show a house price increase lower than 1%, indicating that the market was slowing down. | The Halifax said July was the fourth month in a row to show a house price increase lower than 1%, indicating that the market was slowing down. |
| The latest rise pushed up the annual rate of house price inflation from 10.7% to 11.2%, the bank said. | The latest rise pushed up the annual rate of house price inflation from 10.7% to 11.2%, the bank said. |
| Halifax says the average UK house now costs £198,915, but prices have risen by just 1.3% in the past three months. | Halifax says the average UK house now costs £198,915, but prices have risen by just 1.3% in the past three months. |
| Halifax chief economist Martin Ellis said: "We expect the downward trend in house price growth to continue as the five interest rate rises since last summer have an increasing impact on household spending and housing demand. | |
| "Sound economic fundamentals, high levels of employment and a shortage in the number of properties available for sale - particularly in London and the South East - will, however, continue to support house prices." |