House prices up 4.2%
According to the latest Halifax House Price Index, house prices have risen by 4.2% during the last three months of 2006.
The report found that average house prices rose to £186,954 in the fourth quarter, pushing the annual rate of inflation up to 9.9%.
Northern Ireland recorded the biggest rise between October and December, with prices up 15.9% to £196,874.
Greater London remains the most expensive part of the UK to live, with average house prices pushed up to £287,176 following an increase of 6.6%. The smallest regional increase during the fourth quarter was recorded in the North, with an increase of just 0.9%.
The report found that average house prices rose to £186,954 in the fourth quarter, pushing the annual rate of inflation up to 9.9%.
Northern Ireland recorded the biggest rise between October and December, with prices up 15.9% to £196,874.
Greater London remains the most expensive part of the UK to live, with average house prices pushed up to £287,176 following an increase of 6.6%. The smallest regional increase during the fourth quarter was recorded in the North, with an increase of just 0.9%.
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