Fresh evidence of UK house price recovery

In the latest sign the property market may be perking up after almost two years of declines, prices rose 1.7% last month, the biggest jump since July 2004. The third consecutive positive month saw the average price of a home at £155,885 with all regions seeing property prices increase. But year-on-year, house prices nationwide were still 11.7% lower than in July 2008. The North East experienced the greatest annual decline, down 13.2%, while Wales was least affected, with property prices off 8.3% since last year. Wales also saw the biggest house price rise in the month, up 3.1% c...