Halifax reports house price boost
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Posted: 5th Jun 2009
The average value of house prices in the UK increased by 2.6 per cent in May, according to Halifax's latest property survey.
Now worth £158,565, the average property price witnessed its largest monthly hike in the last seven years.
May's figure was around £4,000 higher than the value recorded one month before.
It is not the first time in the last week that positive property price figures have been reported.
Last Friday, Nationwide Building Society published its housing survey for May, which said that the cost of an average UK home in the month was boosted 1.2 per cent and stood at just over £154,000.
The Royal Institution of Chartered Surveyors responded positively to Halifax's latest house price data, saying the reported rise "appears to have more legs" than other increases in value over the last 21 months, as well as being consistent with its own findings.
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