UK house prices surged by 1.6% during September alone, according to a survey yesterday from mortgage lender Halifax which provided further evidence that some solidity is returning to the residential property market.
This seasonally-adjusted rise was the third consecutive monthly increase and means the average UK house price has increased by 2.8% in the third quarter of this year. It is the first quarter-on-quarter increase for two years and the biggest since early 2007.
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