LONDON, October 7 (Hfrance.fr) - UK house prices rose the most in almost 15 years in September before the end of a tax break for homebuyers and they were expected to continue their ascension to new record highs, Halifax mortgage lender said Thursday.
Prices rose 1.7% from August, the highest monthly increase since February 2007.
In annual terms, house price growth also accelerated to 7.4% from 7.2% in August after having slowed in each of the previous three months.
The UK housing market turned hot after the country's first lockdown was lifted against coronavirus last year, as people working more from home searched for larger properties and after Finance Minister Rishi Sunak cut a tax on home purchases.
This tax cut expired completely at the end of September.
Russell Galley, the Halifax ging mana, said that ashortage of homes for sale would remain the most important factor for the market and support prices over the next year, even if the pace of price growth were likely to slow. William Schomberg Report Edited by Paul Sandle
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