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A Journalist Actually Questions The Spin!

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THE property market closed 2005 on an upbeat note according to official figures released today, showing a December spike in annual house price inflation.

But, confusingly, despite showing a 0.7% month-on-month rise in annual inflation, the latest report from the Office of the Deputy Prime Minister also showed the average house price fell by £60 from November.

An ODPM spokesman explained that an increase in annual inflation but drop in prices can occur when prices are falling month-on-month - but at a slower rate than the previous year.

The fall of 0.1% from November to December 2005 was less than the 0.7% drop in prices recorded during December 2004.

See: Confusion Over House Prices

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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