House prices rose by 2.6% annually with cash buyers boosting sales, claims a new report. Meanwhile, house purchase loans in August fell, recording the third worst figures for the month in nearly two decades.
The LSL Property Services index which released the house price figures argues that their report contradicts recent Nationwide and Halifax figures which both recorded price falls because they have included cash sales which are not included in the other two surveys.
“The housing market demonstrated its resilience in August, as both house prices and sales activity rose, highlighting the underlying demand from buyers," said David Newnes, director of LSL Property Services.
“The housing market demonstrated its resilience in August, as both house prices and sales activity rose, highlighting the underlying demand from buyers," said David Newnes, director of LSL Property Services.
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