Good morning: House prices rose 0.4 per cent month-on-month in July, as house price growth slowed. Year-on-year house prices are up 7.6 per cent, compared with 8.7 per cent in June, according to the latest survey from Halifax. The average UK property price rose to £261,221. Russell Galley, managing director at Halifax, said: “Latest industry figures show instructions for sale are falling and estate agents are experiencing a drop in their available stock. This general lack of supply should help to support prices in the near term, as will the exceptionally low cost of borrowing and continued strong customer demand.”SponsoredWales and the north of England posted the strongest annual rates of house price inflation, while the south west also recorded a double-digit year-on-year

Source: The Times August 06, 2021 07:52 UTC