November sees prices rise

Posted: 07 Dec 2007 17:07:21 GMT


            Property News - November sees prices rise

Property prices in England and Wales increased by 0.5 per cent between October and November.

Property prices in England and Wales increased by 0.5 per cent between October and November.

That is according to the latest figures from the FT House Price Index, which also revealed that annual inflation hit 9.1 per cent.

London performed particularly well, with annual inflation in the city reaching 18.5 per cent, followed by the south-east (9.7 per cent) and the south-west (nine per cent).

"London had a strong month and this helped keep prices higher. If we strip London out of the assessment the overall monthly increase for England and Wales was down by 0.2 per cent to 0.3 per cent, and the annual rate to 6.7 per cent, i.e. well over two percentage points lower," said Dr Peter Williams from Acadametrics.

"Any suggestions of a significant fall in prices must be placed in the context of the strong performance of the market in recent years," he continued.

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