House prices in the UK have risen by 0.6 per cent in July making up for the fall in June, according to a report from the Halifax.
This puts prices at 8.3 per cent higher than the lowest level recorded in April 2009 but still 16 per cent lower than the peak in August 2007.
Martin Ellis, housing economist at the firm, said: "House prices increased by 0.6% in July, reversing the fall in June. Overall, there has been little change in prices during 2010 so far. The mixed pattern of monthly rises and falls over the first seven months of the year is consistent with a slowing market. It is also in line with our view that house prices will be broadly unchanged over 2010 as a whole".