Nicholas Wallwork
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Residential property prices in the UK are continuing to rise with the latest increase showing the fastest pace since 2006.
Prices rose 1.6% in August as low interest rates and lack of supply had a positive effect, according to the Nationwide's latest monthly index. But lending is still tight and it is exceptionally low interest rates, at 0.5% since March, that are helping the property market at present.
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Prices rose 1.6% in August as low interest rates and lack of supply had a positive effect, according to the Nationwide's latest monthly index. But lending is still tight and it is exceptionally low interest rates, at 0.5% since March, that are helping the property market at present.
