Property News in the UK

UK property news and links to various property websites. mortgage news, house price news, interesting properties for sale.

Friday, November 17, 2006

North leads the way as property prices keep on soaring

Land Registry figures see sales up by a quarter

Average cost in England and Wales is £199,184

Property prices rose at their strongest rate since the beginning of 2005 in the latest quarter, increased by 7.7% from a year ago, while the number of sales was up by almost a quarter, the Land Registry reports today.

The renewed strength in house prices this year is thought by economists to be a significant reason behind the Bank of England's interest rate rise last week which took the base rate up to 4.75%.
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