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)
Add Comment
Report Article

No comments have been submitted.

Be the first person to add your comment by completing the form below.

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies