Property News in the UK

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Wednesday, January 03, 2007

Land Registry: House price growth calms in November

House prices "continued to rise steadily" going up 0.6 per cent in November, official government figures reveal.

Data from the Land Registry out today finds the average property in England and Wales cost £172,006 in November, going up 6.8 per cent in the 12 months since November 2005.

"After robust growth in September and October, the November monthly growth rate reflects a calmer market," the Land Registry states. "However, the growth rate remains firmly positive. The November monthly growth rate of 0.6 per cent is approximately twice the size of the average monthly growth in 2005."

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