UK House Prices Pick Up A Bit More Speed

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.

https://uk.reuters.com/article/us-britain-economy-houseprices/uk-house-prices-pick-up-a-bit-more-speed-halifax-idUKKCN1U00RF