The housing market will remain “robust” in the coming months despite property prices dipping slightly in September, Halifax has reported.
A 0.9% monthly fall in property values last month took the typical price of a home to £202,859 – which is still 8.6% higher than a year ago.
Halifax said that monthly price movements can be volatile and quarterly changes can often be a more reliable indicator of the underlying direction of the housing market.
On a quarterly basis, house prices between July and September were 2% higher than during the previous three months.
Via The Guardian