House prices rose at fastest rate in almost a year, says Halifax

Lender’s August data differs from that of rival Nationwide, pointing to north-south market

House price inflation has risen to its highest rate in nearly a year, according to Halifax, with prices accelerating at an annual rate of 3.7%, significantly above the rate of wage growth.

Britain’s biggest mortgage lender said the price of an average home in the UK hit a record £229,958 in August despite the month-on-month increase slowing to 0.1%.

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