Average house price hitting £200,000

House prices across the UK increased by 0.4% in August to £199,770, making last month the third consecutive month in which prices have risen by less than 0.5%. Halifax says the three-monthly rate of growth has fallen from 4.5% in March to 1.6% in August, an indicator that the market is slowing down. Annual growth increased slightly to 11.4%, compared with 11.2% in July, but should begin to decrease as strong price growth last year begins to drop out of comparisons, according to Halifax. Martin Ellis, chief economist at Halifax, comments: “The downward trend in house price growth is expec...