Monday, September 10, 2007
Pwned!!! House prices rising even faster
Average house prices in the UK are accelerating again, according to the Department of Communities and Local Government (DCLG). Its latest survey shows that in July prices across the country rose by 2% to an average of £218,479. The annual rate of house price inflation rose from from 12.1% to 12.4%, its highest since March 2005. The main factor was soaring prices in London and the South East. Outside those two areas, prices in the UK in fact slowed down and were rising at a rate of just 10.6% a year, compared to 10.9% in June.