Halifax house price index showed that UK house prices rose for the second consecutive month in August, reading 0.2% from the prior 0.7 percent increase a month earlier.
Halifax stated that “Activity has also been largely static since the start of the year,” adding that “These developments suggest that the market is broadly stable with house price inflation having cooled since last year when supply shortages helped to push up prices.” Analysts expected the index to slump by 0.5 percent.
