UK property prices rise again as low interest rates and lack of supply boost the market

[Nicholas Wallwork]

Record low interest rates and a shortage of supply has helped*residential property prices in the UK to continue rising,*according to the latest published figures.

Average house prices rose 0.8% in August and are now higher*than they were at the start of the year, the data from Halifax*shows. All the monthly price indices are now showing rising*prices amid growing confidence that the house price crash is*now ending.

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