U.K. Halifax House Prices Gain for a Third Month

U.K. house prices rose for a third month in September, spurred by increasing demand and a lack of properties for sale, a report by Halifax showed.

Home values climbed 1.6 percent to an average of 163,533 pounds ($262,000) after rising 0.8 percent in August, the division of Lloyds Banking Group Plc said in a statement today. The median of nine forecasts in a Bloomberg News survey was for a 0.6 percent increase. House prices fell 4.8 percent in September from a year earlier.