Boxall Brown & Jones are pleased to report that according to the Nationwide Building Society, house prices are continuing to rise.

 

The price of a typical house rose for the fourth consecutive month in August, increasing by 1.6% on a seasonally adjusted basis. The 3 month on 3 month rate of change – generally a smoother indicator of the near term trend – rose from 2.7% in July to 3.3% in August, the highest level since February 2007.

 

At £160,224, the average price of a typical UK property is still slightly lower than 12 months ago.

 

Further detail can be found at www.nationwide.co.uk or if you require more information on the local property market, contact Boxall Brown & Jones on 01332 383838