UK house prices up strongly
According to the latest data from Halifax, house prices rose by 1% in September and are increasing at an annual rate of 8%. This takes the cost of an average home to £181,186.
With inflation remaining above target, analysts expect another rate rise before the end of the year and on Thursday The Bank of England will announce its latest rate decision.
Most of the UK saw strong house price inflation, with Northern Ireland, the south west and south east of England seeing the strongest price growth during the three months to September. There were however, modest falls in Yorkshire and the East Midlands, which according to Halifax were "reflecting the increasing affordability difficulties for buyers as a result of the very rapid rise in house prices in these parts of the country over the past few years."
With inflation remaining above target, analysts expect another rate rise before the end of the year and on Thursday The Bank of England will announce its latest rate decision.
Most of the UK saw strong house price inflation, with Northern Ireland, the south west and south east of England seeing the strongest price growth during the three months to September. There were however, modest falls in Yorkshire and the East Midlands, which according to Halifax were "reflecting the increasing affordability difficulties for buyers as a result of the very rapid rise in house prices in these parts of the country over the past few years."
posted by ew at
9:09 AM
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