Halifax says average property price in July was £291,268 as lower mortgage rates expected to lead growth
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UK house prices increased by 0.8% in July, and lower mortgage rates are expected to lead to continued growth throughout the rest of the year, according to the mortgage lender Halifax.
The average house price in the UK across July was £291,268, a 0.8% rise on the £289,042 recorded in June. It marks a significant uptick after three subdued months, during which there were rises of between 0.1% and 0.2%.
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