UK House prices rise 0.8% to fuel rebound hopes

House prices rose for the second month in a row during August, according to Halifax.

The mortgage lender said that prices in Britain rose 0.8 per cent last month, or down 10.1 per cent in the three months to August versus a year ago. The year-on-year drop is the lowest figure since July 2008.

That left the average price of a home at £160,973 — broadly the level they were at the end of last year.

Times Online

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza