Tuesday, Feb 27, 2007
house price rises getting faster and broader bases
Reuters: Latest News
LONDON (Reuters) - House prices climbed in February at their fastest annual rate since June 2003, a survey showed on Monday, with robust growth in London and the southeast overshadowing weaker increases elsewhere. Property consultant Hometrack said house prices rose 6.4 percent this month from a year earlier, up from 6.0 percent in January. Price growth was once again concentrated in London and the southeast, with property prices in areas such as the Midlands and Wales edging up by just 0.1 percent. However, unlike the previous month when growth was concentrated in a quarter of areas, prices in February rose more evenly, with rises in 42 percent of the nation. "Despite the January rate rise, it seems that a lack of supply is continuing to support higher prices, primarily in London an
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