U.K house price increases against expectations

Source: WBP Online
© Scanpix/Reuters
U.K mortgage provider Nationwide has reported positive movements in U.K housing market, specifically increase in the house prices despite less positive numbers from other commercial and official data providers. According to Nationwide, house prices climbed to 11% over the year to August period, following 10.6% in a month before and above experts' forecasts. On monthly basis price edged up to 0.8% from 0.1%. Nonetheless, Bank of England's latest report indicated decrease in approved housing mortgages to 42,792 from previous reading of 43,180.
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