House prices are rising at their fastest rate since August 2010, according to an index published today. The Halifax house price index found prices in the three months to July were 4.6pc higher than the same period in 2012.
The figures are yet more evidence that Government measures to stimulate the property market are feeding through. Prices lifted by 0.9pc month on month to reach £169,624 on average, marking the sixth monthly rise in a row.
Martin Ellis, housing economist at Halifax, said: “Greater confidence is likely to have underpinned the increase in housing demand. Official schemes, such as the Funding for Lending Scheme and the Help to Buy equity loan scheme, may also be raising demand.
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