September 6, 2019 / 7:51 AM / 3 months ago

UK house prices increase at fastest rate in four months - Halifax

FILE PHOTO: Property sale signs are seen outside of a group of newly built houses in west London, Britain, November 23, 2017. REUTERS/Toby Melville

LONDON (Reuters) - British house prices increased in August at the fastest annual pace in four months, mortgage lender Halifax said on Friday.

House prices rose 1.8% year-on-year after a 1.5% rise in July, Halifax said, citing figures based on new methodology introduced as of this month.

Halifax’s new measure of annual house price growth no longer uses an average for the previous three months.

On the month, house prices rose 0.3%, after a 0.4% rise in July.

Reporting by Andy Bruce

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