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Tuesday 6th October 2009
More signs of rise in house prices
UK house prices rose for the third consecutive month in September and showed the first quarterly increase for two years, according to the Halifax.
The average home rose in value by 1.6% in September compared with the previous month, to £163,533.
And prices in the three months to September increased by 2.8% compared with the previous quarter.
The Halifax, now part of Lloyds Banking Group, said that increased demand and a lack of supply were key to the rise.
However, both could change and "constrain" prices in the coming months given the economic climate, said Halifax housing economist Martin Ellis.
Source: BBC News