Nationwide said house prices rose at an annual rate of 2.4% in August, up from 2.1% in July - the fastest rate since December 2022.
Separate figures from the Bank of England showed nearly 62,000 mortgages were approved for homebuyers in July, the highest total since September 2022 - the same month as the disastrous mini-budget. The Bank also revised mortgage approval figures for June slightly upwards.
The housing market has been buoyed by the Bank's move on 1 August to reduce rates to 5% from 5.25%, the first cut since March 2020.
Lenders have responded to the move by introducing more competitive mortgage rates while Lloyds Bank, Britain's biggest mortgage provider, announced on Thursday it would increase the maximum amount it was willing to lend first-time buyers.
هذه القصة مأخوذة من طبعة August 31, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 31, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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