House prices get boost in September says Halifax

The Halifax House Price Index reports growth of 1.8% in house price inflation but says the annual figure of 3% is still well below last years growth figure of 20.5% for the year. The national average house price now stands at £168,299, says the Halifax. There has been some good news however, the lender says the number of mortgage approvals for house purchase was 15% higher than in August 2004 marking the first time since this year that mortgage approvals have been higher than a year ago. Overall the biggest gains in house prices have been in the North West (9.1%) and Yorkshire & Humbe...