This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-23983828
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| UK house prices rising 'at highest rate since 2010' | UK house prices rising 'at highest rate since 2010' |
| (about 1 hour later) | |
| UK house prices rose 5.4% in the three months to August compared to the same period last year, according to the Halifax's latest house price survey. | |
| This is the highest annual rate since June 2010. | This is the highest annual rate since June 2010. |
| Prices over the quarter were 2.1% higher than the previous period, the lender said. | Prices over the quarter were 2.1% higher than the previous period, the lender said. |
| Housing market activity was up thanks to an improving economy, low interest rates, and government-backed schemes such as Help to Buy, it said. | Housing market activity was up thanks to an improving economy, low interest rates, and government-backed schemes such as Help to Buy, it said. |
| Last month, Nationwide reported a 1.4% rise in the three months to August from the same period last year, the biggest increase since mid-2010, it said. | Last month, Nationwide reported a 1.4% rise in the three months to August from the same period last year, the biggest increase since mid-2010, it said. |
| Martin Ellis, the Halifax's housing economist, said: "Overall, house prices are expected to rise gradually over the remainder of the year." | Martin Ellis, the Halifax's housing economist, said: "Overall, house prices are expected to rise gradually over the remainder of the year." |
| The Halifax believes below-inflation earnings rises "are likely to act as a brake on the market". | The Halifax believes below-inflation earnings rises "are likely to act as a brake on the market". |
| The number of mortgage approvals for house purchases - an indicator of completed house sales - rose 4% to 60,600 between June and July. | The number of mortgage approvals for house purchases - an indicator of completed house sales - rose 4% to 60,600 between June and July. |
| This is the first time that approvals have exceeded 60,000 since early 2008. | This is the first time that approvals have exceeded 60,000 since early 2008. |
| Prices rose 0.4% in August from July, a lower rate than economists had forecast and lower than July's 0.9%. | Prices rose 0.4% in August from July, a lower rate than economists had forecast and lower than July's 0.9%. |