British house prices edge up 0.3 per cent in August, hitting record

British house prices rose 0.3 per cent in August, a third consecutive monthly increase that leaves them 2.2 per cent higher than a year earlier, figures published by mortgage lender Halifax showed this week.

Economists polled by Reuters had forecast prices would rise 0.1 per cent on the month and be 2 per cent higher than the year before.

British house prices have been rising more slowly than consumer price inflation in recent months, after a surge in the first quarter of this...