UK house prices rising at fastest rate for eight months, says Halifax ... - The Guardian

UK house prices rising at fastest rate for eight months, says Halifax … – The Guardian

Halifax has gathered data that house prices in London have significantly increased, especially when comparing numbers from this September to those of a year ago. Other researchers have found a different set of data that does not quite support what Halifax claims to be a booming market. In circumstances such as these, it is important to remember that economic fluctuations and seasonal patterns tend to affect the pricing of houses in London’s market. This looks like another season variation that should level out in the coming months.

Key Takeaways:

Observers are seeing the UK house prices rise at an incredible rate. Take note and look for data to be released on these prices.
These UK house prices have risen at the fastest rate in eight months. That is certainly a new trend and one that is sure to draw in attention.
It is important to note that the quarterly and annual rates of house price are growing. However, these are still lower than they were at the start of the year.

“While the quarterly and annual rates of house price growth have improved, they are lower than at the start of the year.”