Monday, Oct 30, 2006

House prices up slightly, headed for 5% rise for 2006

Firstrung: House prices up 0.4% in October but could be dented by a flood of potentially over-priced properties coming to the market - Hometrack

UK house prices rose once more in October, a survey from Hometrack has revealed, however, the gain was driven by the continued strength in London's property market. Property consultant Hometrack said house prices rose 4.9 percent year on year, prices were 0.4 percent higher than in September, ( the monthly figures are not adjusted for seasonal factors). The data adds further evidence that August's rise in interest rates to 4.75 percent has not dented overall confidence in housing market activity and commentators will point to the now certain rise in interest rates in November when the MPC next meets.

Posted by converted lurker @ 02:52 AM (539 views)
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