House prices in slim rise

City A.M. Reporter
House prices have gone up for the third month in a row, according to the Halifax mortgage lender.

Its latest monthly survey says they rose in July by just 0.3 per cent, leaving them 2.6 per cent lower than a year ago at £163,981.

The lender explained that over the last three months prices had been 0.5% higher than in the previous three.

That was the first such increase in 14 months, indicating that prices were stabilising, according to its housing economist Martin Ellis.