House price rises £75 a day in London
www.moneynews.co.uk > Housing market > House price rises £75 a day in London
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Money News |
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House price rises £75 a day in London
Thu 4th Jan 2007
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This figure is much larger than the £45 daily rise discovered across the rest of the UK, a 9.3 per cent rise for the year. London property prices increased by 11.3 per cent in 2006.
A house in the English capital costs an average of £269,327, according to the Nationwide Quarterly House Price Review, whereas the UK's average stands at £172,065.
Fionnuala Earley, Nationwide's group economist, said: "The price of houses in London continues to dwarf those in other parts of the country.
"The typical house in London costs more than one and a half times higher than the average price in the UK."
The Royal Institute of Chartered Surveyors has predicted that during 2007, house prices in the UK will increase by a further seven per cent, "supported by continued strength of the economy".
Related News : Housing market |
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Related News : Nationwide |
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