Property News

Thursday, December 07, 2006

1.7% rise in November

The latest report from Halifax's house price index shows house prices up 1.7% in November. This is 9.6% higher in the three months to November than a year ago.

The nation's largest mortgage lender said the cost of an average home was £187,995 in November.

The gains were much bigger than predicted. Analysts polled by AFX News had expected gains of 0.8% and 8.2% respectively, showing that the recent rate rise has done little to dampen down the market.

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