The average UK house price surged to a new record high of £299,331 in August, marking the third consecutive monthly increase, according to the latest Halifax index.
August saw a 0.3 per cent rise, following 0.4 per cent in July and 0.1 per cent in June. However, the annual pace of growth continued its slowdown, reaching 2.2 per cent in August, down from 2.5 per cent in July and 2.7 per cent in June.
