House price rise in July
Whilst May and June saw a slight dip in house prices, the average house price rose by 0.2% in July according to Halifax, Britain's largest mortgage lender, with the average house now costing £177, 020.
Martin Ellis, Halifax's Chief Economist comments 'This mixed pattern of monthly price rises and falls is a typical feature of a more stable housing market. Overall, house prices have increased by only 0.9% in the past four months compared with a 3.3% rise in the preceding four months.'
Martin Ellis, Halifax's Chief Economist comments 'This mixed pattern of monthly price rises and falls is a typical feature of a more stable housing market. Overall, house prices have increased by only 0.9% in the past four months compared with a 3.3% rise in the preceding four months.'
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