11 February 2008
CO-OWNERSHIP BORROWING LEVEL INCREASED
11 February 2008
INFLATION RATE DROPS AGAIN
11 February 2008
HOUSE PRICES SHOW SURPRISE RISE
HOUSE PRICES SHOW SURPRISE RISE
11 February 2008
House Prices recovered in December after three consecutive monthly falls, a survey by the country's biggest mortgage lender shows, easing fears of a precipitous decline in the property market.
HBSO's Halifax survey showed house prices rose 1.3 per cent on the month, taking the three month rate of inflation compared with a year earlier to 5.2 per cent, the lowest in nearly two years, and the average house price to £197, 039.00.
Halifax, revised down the prior month's reading to show a 1.3 per cent fall - from a 1.1 per cent fall previously - meaning December's recovery merely erased November's losses.
