British house prices rose at the fastest annual rate
since early 2017 in the three months to the end of June, mortgage lender
Halifax said, adding to other signs that the housing market has stabilized
after weakening on Brexit worries. House prices were up by 5.7% in the three
months to June compared with the same period a year ago after rising by 5.2% in
the three months to May, Halifax said on Friday. A Reuters poll of economists
had pointed to a 5.9% rise. Halifax cautioned that the annual increase was flattered
by weak price growth in the corresponding period in 2018. In monthly terms,
prices fell by 0.3% after a rise of 0.4% in May. Read more on the Reuters
website.
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