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House prices still rising

Updated on 30 August 2007

Source PA News

House price growth picked up during August with the cost of the average home in the UK rising by 0.6%, figures have showed.

The rise, which was well up on the previous month's increase of 0.1%, pushed average house prices up to £183,898, according to Nationwide Building Society.

But the annual rate of house price inflation continued to slow during the month, dropping slightly to 9.6%, down from 9.9% for the year to the end of July, further contributing to growing evidence that the market is coming off the boil.

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