Nov
07
U.K. House Prices Rise for a Second Month on Supply, Low Rates
By
A couple look at houses for sale in the window of an estate agents in Chelmsford.
Photographer: Chris Ratcliffe/Bloomberg
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Average values rose 1.4 percent in October, Halifax says
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Low mortgage rates, lack of properties support prices
U.K. home prices rose for a second month in October, helped in part by an ongoing lack of supply of properties for sale.
Mortgage lender Halifax said values rose 1.4 percent compared with a month earlier as the stock of homes available remained around a record low. From a year earlier, values in the three months to October were 5.2 percent higher. That’s far below a peak of 10 percent annual growth in March this year, but still “robust,” it said in a statement in London on Monday
The monthly increase lifted average values to 217,411 pounds ($269,500)…
U.K. House Prices Rise for a Second Month on Supply, Low Rates
