Thursday, July 10, 2008

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Government house price index shows continued growth

The Department for Communities and Local Government (DCLG) has published its latest house price index which puts annual house price inflation at 4.9% in April. House prices actually rose by 0.7% during the month and the figure compares with annual inflation rates of 5.2% in March and 12.3% in July 2007, the point at which annual house price growth peaked. The figures contradict data from leading mortgage lenders, with Halifax and Nationwide reporting annual house price falls of 3.8% and 4.4% respectively.

Posted by should_of_banked_it @ 08:38 AM (433 views)
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