07% house price rise in October
According to the latest data from Nationwide, the UK's biggest mortgage lender, house prices rose another 0.7% this month but the annual rate of increase eased slightly to 8.0%
The average home costs £169,623 in October, £12,500 more than a year earlier.
Fionnuala Earley, Nationwide's group economist, said though house prices cooled in October following a sharp increase during September, the underlying trend is 'still firm'. She noted that the three-monthly growth rate rose to 2.6%, its fastest pace since Sept 2004.
The average home costs £169,623 in October, £12,500 more than a year earlier.
Fionnuala Earley, Nationwide's group economist, said though house prices cooled in October following a sharp increase during September, the underlying trend is 'still firm'. She noted that the three-monthly growth rate rose to 2.6%, its fastest pace since Sept 2004.
posted by ew at
9:14 AM
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