Tuesday, 3 November 2009

HOUSE PRICES RISE FOR THE THIRD MONTH IN A ROW

House prices edged ahead for the third month in a row during October as the market continued to be supported by a shortage of properties for sale, figures from Hometrack show.

The average cost of a home in England and Wales rose by 0.2 per cent during the month to £156,400, 4.2 per cent below its level 12 months ago, the company said.

Last week Nationwide said that annual house price inflation had turned positive for the first time since March last year.

Courtesy of Daily Telegraph

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