Real Estate
UK House Prices Rise Most in Six Months, Halifax Says
The number of approved mortgages rose to a three-month high in June, according to the BOE.
Photographer: Chris Ratcliffe/BloombergUK house prices rose at the fastest pace since the start of the year, suggesting that the market is stabilizing after the expiry of a tax break discouraged prospective buyers, according to one of the country’s top lenders.
The average price of a home rose 0.4% to £298,237 ($398,730) in July, after it gained just 0.1% the previous month, Halifax said Thursday. It was the biggest increase since January and left values 2.4% higher than a year earlier.