LONDON (MNI) – UK house prices were 0.7% higher in August from July
and stood 8.3% higher on August 2009, Communities and Local Government
said today.
The comments followed the release of the RICS survey of surveyors’
price expectations overnight which showed falls in prices becoming
more widespread throughout the UK, albeit for September.
While recent surveys of house prices do not provide a uniform
message, they do suggest at the very least that the house market is
becoming somewhat more sluggish following the bounceback from the
price falls seen in 2008-09.
CLG said that house prices rose by 0.8% in the quarter to August
2010 compared to an increase of 1.7% in the May quarter.
–London newsroom: 4420 7862 7499; email: ukeditorial@marketnews.com
[TOPICS: M$B$$$,MABDA$,MABDS$,MT$$$$]
