Surprise as UK house prices set record after four months of falls
Survey reveals 1.6% monthly rise in July, raising average property value to £241,600
House prices in Britain leaped to a new high in July, in a “surprising spike” after the market was put on pause earlier this year, according to Halifax.
The bank said a “mini boom” in the market had pushed average property values up by 1.6%, or £3,770, month-on-month in July. Across the UK the average property value was £241,604 in July, up from £237,834 in June.Continue reading...