House prices continued to rise last month, fuelled by cheap borrowing rates and a shortage of homes coming on to the market.

Halifax has reported a 1.6% increase in prices in September, the third consecutive monthly rise and the fifth that the lender has recorded this year. Yesterday’s figures came a week after Nationwide reported that prices had risen by 0.9% last month and will accelerate hopes of a market recovery.

However, economists remain unconvinced that prices will continue to rise to the same extent and have forecast flat growth with monthly fluctuations for the rest of this year and into next.

The Times

Topics