House prices hit new high in August

House prices hit a record high in August, but the annual pace of growth in property values slowed, according to the Halifax. The lender said the cost of a typical home rose 0.7% last month to £262,954. In the year to August, house prices rose 7.1%, it said, down from a rate of 7.6% in July. But that figure masked big differences between the UK's nations and regions, reflecting buyers' interests in seeking more space and rural locations. "Given the rapid gains seen over the past 12 months, August's rise was relatively modest and the annual rate of house price inflation continued to slow," said Russell Galley, managing director, Halifax, which is part of Lloyds Banking Group. 

BBC News (07/09/2021)