House prices have reached a new record high, according to the latest figures from mortgage giant Halifax, but it said property prices are only inching up
Halifax said the typical home increased in value by 0.3 per cent in August, with house prices rising for the third month in a row, to reach £299,331.
The report bucks the gloom surrounding the housing market at the moment, which has focussed on falling house prices in expensive areas such as London and the South East.
The figures are based on Halifax's own lending data, so will reflect lower mortgage rates helping buyers borrow more.
But Britain's biggest mortgage lender said that the rise in average house prices this year has been just £600.
