Highest 3-month rise in house prices-Halifax

Prices rose by 1.6% on the Halifax House Price Index for September to an average of £163,533. This equates to a £2,672 rise on the start of the year and an increase of more than £9,000 on the index's recent low point of £154,490 in April. House prices are rising at 2.8% on a three-monthly basis, the highest three-month property inflation figure since the first three months of 2007 and the property market boom. The Halifax figures follow Nationwide's report last week which showed house prices stable on an annual basis. But Keshav Thukaram, managing director of buy-to-let website ...