UK house prices rose again in August, increasing by 1.6% from July, the Nationwide has said.BBC NEWS | Business | House prices 'continue to rise'
The average price of a home is now £160,224, up from £158,871 in July, and following four monthly rises in a row.
While prices are still lower than last year, the annual rate of decline in property values slowed sharply to 2.7%, compared with July's 6.2% fall.
The Nationwide said a key factor in lifting prices was "the exceptionally low level of interest rates".
Rates have been kept on hold at 0.5% by the Bank of England since March.
Wednesday, 26 August 2009
BBC NEWS | Business | House prices 'continue to rise'
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