House prices rise in April
www.moneynews.co.uk > Housing market > House prices rise in April
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Money News |
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House prices rise in April
Tue 12th Jun 2007
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The latest house price index released by the Department of Communities and Local Government shows that annual house price inflation was also on the rise, up to 11.3 per cent from 10.9 per cent in March 2007.
Quarterly house price inflation was also identified to be 11.3 per cent overall and 14.7 per cent in London.
Monthly inflation was highest in London, with the south-east and south-west also displaying strong growth.
The lowest inflation rates were evident in the north-east, north-west and West Midlands.
David Stubbs, senior economist at the Royal Institution of Chartered Surveyors, said: "These numbers confirm that the housing market was in rude health at the start of the second quarter."
"Tight supply conditions were driving prices skywards, but the hikes in interest rates since August have now started to slow the market somewhat," he added.
Related News : Housing market |
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