UK UK house prices in August took their biggest one-month leap in nearly three years, prompting some economists to argue that a rebound in growth will be stronger than expected.
The closely watched Nationwide house price index recorded a 1.6 per cent rise in August, the largest increase since November 2006. The three-month-on-three-month change – considered a smoother indicator of price movement – was 3.3 per cent, up from 2.7 per cent in July. This was the steepest rise since February 2007.
