House price growth slowed in August but buying a property was still 6.9 per cent more expensive than a year ago, new figures show.
The Halifax, part of Lloyds Banking Group, said that the average home in the UK cost £213,930.
Prices in the three months to the end of August were 0.7 per cent higher than the previous quarter marking a slowdown in the pace of growth. Property values fell by 0.2 per cent in August compared with July, the lender added.
Responding to the figures, Ian Thomas, co-founder and director at online mortgage lender LendInvest, said: There have been a number of external factors that have chipped away at the property market in recent months, from the additional Stamp Duty charge to Brexit, with the traditional…
Read the full article at: http://blogs.spectator.co.uk/2016/09/money-digest-51/