In their latest monthly figures, the Halifax and Nationwide – the country's two biggest mortgage lenders – agreed annual price inflation had risen to 21%.
But the Halifax reported a slight slowdown in monthly growth at 1.9%, compared with 2.4% in June.
Halifax chief economist Gary Styles said: "Indicators of housing market activity confirm a buoyant but slowing market."
In response to the continuing uncertainty surrounding global stocks and shares, the Bank of England kept interest rates on hold at 4% for the ninth month in a row.
The Council of Mortgage Lenders also reported that arrears and repossessions had fallen to a 20-year low.
But it warned that the volatile economic outlook meant this was likely to change.
Source
Housing Today
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