House price growth continues to slow

Homes for sale

Halifax says prices increased slightly in August but annual rate of growth cooling

House prices rose by 0.4% in August, according to the latest monthly price data from the Halifax.

The mortgage lender said prices recovered in the month after the 0.1% dip seen in July, but that the trend remained toward weaker price growth, with the 0.4% month-on-month growth comparing to an averaging monthly increase of 0.9% seen over the last 12 months.

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