- Cisco Ups Tandberg Bid, Claims Over 40% Backing
- 'Significant Weakness' Still Ahead: Fed's Hoenig
- BlackRock: Central Banks To Be Net Buyers of Gold
- Stronger Yuan Needed for Global Rebalancing: IMF Chief
- Washington Not Trying to Contain China: Obama
- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- Quiz: How Much Do You Know About Green?
- JP Morgan to Bid Over $3 Billion for Cazenove Stake
- Buffett: I Haven't Bought AMEX Shares in Years
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- Ahead of the Bell: Business Inventories
- Ahead of the Bell: Retail Sales
- Methodology for AP poll on health care
- AP Poll: Fine print in health care prompts worries
- Advice to Congress: Be clear, fair on health care
- UK lawmakers look to block EU banking reform
- Danone to buy back up to $1.86 bln in bonds
- Eurozone consumer prices down 0.1 percent in Oct
- Canada PM visits India to boost trade, tourism
Text Size 
LONDON - House prices in the U.K. rose 1.2 percent in October, the fourth consecutive monthly rise, the nation's leading mortgage lender said Tuesday.
Halifax said October's rise left average house prices 4.7 percent lower than a year ago, but 7.1 percent higher than the low point in April.
Last week, the Nationwide Building Society, the No. 3 mortgage lender, said average prices rose 0.4 percent in October, marking the sixth consecutive monthly rise. Nationwide said prices were 2 percent higher than a year earlier.
Both surveys are based on the company's own mortgage lending.
"Higher demand has combined with a low level of properties available for sale to result in rising house prices over the past few months," said Halifax economy Martin Ellis.
"There are some indications that more people are deciding to put their homes on the market, encouraged by the recent improvement in market conditions. A continuation of this trend could help to improve the balance between supply and demand, curbing the strength of the stimulus to house prices resulting from the current imbalance."
Print
Email
- Where, what, how.
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.
Data is a real-time snapshot *Data is delayed at least 15 minutes