UK house prices up at fastest pace since February

London

BRITISH house prices regained momentum in September, recording their fastest annual rise since February as buyers shrugged off the possibility of higher Bank of England interest rates, figures from major mortgage lender Halifax showed on Friday.

House prices rose 0.8 per cent on the month in September alone, beating all economists' forecasts in a Reuters poll, while prices in the three months to September were 4 per cent higher versus average expectations of a 3.6 per cent rise.