Property News in the UK

UK property news and links to various property websites. mortgage news, house price news, interesting properties for sale.

Monday, September 11, 2006

House prices continue to climb

A HIKE in the cost of borrowing in August failed to dent demand for homes, according to the latest survey from Halifax.

The mortgage lender said average prices rose 1% in August. The Bank of England put up the base rate from 4.5% to 4.75% at the beginning of August.

The increase left the annual rate of inflation at 8.2%, but the lender said the underlying picture suggested price growth was more moderate.

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