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UK House Prices Are Rising the Most Since June, Halifax Says
Halifax said UK house prices rose at the quickest monthly pace since June, suggesting strength in the property market that may prevent a deep decline. The mortgage lender said Tuesday that prices rose 1.1% last month, the second increase this year, and by 2.1% from a year ago. The figures mark a sharp contrast with rival mortgage lender Nationwide Building Society, which says prices are now falling at the fastest annual pace since 2012. Halifax said the average house now costs £285,476 ($343,740), down by 2.9% from its peak last year but about £9,000 above the start of 2022. “Recent reductions in mortgage rates, ... (full story)