Thursday, September 7, 2006
House prices bounce back
House prices rose by 1% in August, bouncing back from a shock drop in the previous month, according to Halifax, the UK's biggest mortgage lender. In the three months through August prices rose 0.2%, compared with 2.9% in the preceding three-month period. The Halifax's findings echo those of the latest survey from the Nationwide building society, which said prices rose by 0.8% in August.