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| 05/07/2012 |
Survey Shows 1% Rise In House Prices |
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A new survey has revealed that UK house prices rose by 1% in June compared with the previous month, but remained lower than a year earlier.
The UK housing market has been relatively stagnant in recent times owing to nervousness about the economy.
The Halifax, now part of the Lloyds Banking Group, said that the price of the average home was 0.5% lower than a year ago.
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The survey, which is based on the Halifax's mortgage data, has registered as many monthly price falls as price rises this year.
The fluctuation is due in part to the low levels of activity in the housing market.
The three-month on three-month change, seen as a less volatile measure of property prices, showed a 0.3% drop in June.
The annual change in prices has mostly been reflected by figures produced by the rival Nationwide Building Society.
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