House prices rise in July as Bank of England rate changes according to UKs biggest lender [Video]

HOUSE prices rose by 0.8% in July one of the UK’s biggest lenders, Halifax, has found.

This is following three relatively flat months earlier this year, but now there are signs the housing market is picking up.

Northern Ireland recorded the strongest property price growth of any nation or region in the UK, rising by 5.8% on an annual basis in July, up from 4.1% the previous month.

The North West also recorded strong growth, up 4.1%, compared to the previous month, properties here now average £232,489.

The average price of a property in Northern Ireland is now £195,681.

Only homes in Eastern England have seen a knock, tumbling by 0.4% in July to £330,282.

Halifax added that lower mortgage costs and more interest rate cuts could fuel a rise in house prices for the rest of this year too.

While a leap in house prices would be good news for …