"Monthly price changes have been impacted by a number of one-off factors this year"
- Robert Gardner, chief economist at Nationwide
The average price of a home rose by 1.3 per cent from July, the biggest monthly increase since January 2010, the Nationwide building society said on Friday.
"Monthly price changes have been impacted by a number of one-off factors this year," said Robert Gardner, chief economist at Nationwide.
"This may be explained by the surprising resilience evident in the UK labour market, with further increases in employment in recent months, even though the UK economy has remained in recession."
The FTSE 100 Index declined 0.14 per cent to 5,711.48. The broader FTSE All-Share Index inched 0.02 per cent lower to 2,972.63.
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