British house prices rose strongly in September as the market continued to boom, Britain’s biggest mortgage lender said on Friday.
Halifax said prices rose by 4,3% last month, as low interest rates and falling unemployment continued to underpin demand.
The rise meant annual house price inflation jumped to 24,2%. Halifax said property prices rose by 0,2% in August and by 1,8% in July.
”The UK housing market remains very strong with house prices increasing at a record pace in September following a very small rise in August,” said Martin Ellis, group economist at Halifax.
Earlier this week Nationwide building society’s monthly index showed prices rose by 2,1% in September. – Sapa-AP