House prices up 1.8% in February
Today HBOS's Halifax house price survey showed that house prices rose 1.8% in February.
House prices rose at their fastest rate in four months in February, the biggest monthly rise since October. The 3-month annual rate of house price inflation held steady at 9.9% for the third month running.
Analysts said a shortage of properties was helping to buoy prices but noted there had been some signs higher rates may be starting to weigh. Many economists expect house price inflation to slow in the course of this year. "The overall impression that emerges is that while house prices may be peaking, they currently remain pretty buoyant," said Howard Archer, economist at Global Insight.
According to Halifax, the cost of an average home stood at 192,233 pounds in February.
House prices rose at their fastest rate in four months in February, the biggest monthly rise since October. The 3-month annual rate of house price inflation held steady at 9.9% for the third month running.
Analysts said a shortage of properties was helping to buoy prices but noted there had been some signs higher rates may be starting to weigh. Many economists expect house price inflation to slow in the course of this year. "The overall impression that emerges is that while house prices may be peaking, they currently remain pretty buoyant," said Howard Archer, economist at Global Insight.
According to Halifax, the cost of an average home stood at 192,233 pounds in February.
posted by ew at
12:11 PM
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