Monday, February 18, 2008
House Prices Hit New High – Further Rises This Year
A Massive bounce in the housing market has pushed up values by £7,500 in just one month, figures show today. Stuart Law, chief executive of property investment firm Assetz, said: “Confidence is returning to the market. This latest rise in prices, combined with February’s interest rate cut, should fuel further optimism among both buyers and sellers.“I expect to see further house price rises this spring, but the Bank of England can’t afford to take its foot off the pedal.