Average UK house price jumps by more than £2,200 in a month #news #house #price #housingmarket

The average UK house price was more than £2,200 higher in July than it was in June, following three relatively flat months, according to an index.

Halifax said house prices increased by 0.8% month on month and by 2.3% annually.

Across the UK, the average house price in July was £291,268, up from £289,042 in June.

The Bank of England base rate was cut from 5.25% to 5% last week, in a move which property professionals said could bring a boost to the autumn housing market.