UK DATA: House Prices See Sixth Monthly Rise In Oct : LSL/Academetrics
–UK Oct House Prices Up 0.3% m/m; Up 6.1% On Year
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House prices in England and Wales posted their sixth consecutive
monthly rise in October, climbing 0.3% to stand up 6.1% on the year,
according to the latest LSL/Acadametrics report. UK housing surveys for
October have come up with divergent results, with Halifax reporting a
1.8% rise on the month and Nationwide a 0.7% fall. The average price in
the LSL/Acadametrics survey in October was stg224,709, down stg7,119, or
3.1%, from the February 2008 peak. “Over the last six months, we have
witnessed relatively modest changes in house prices with the average
price rising by just 1.6%,” Peter Williams, Chairman of Acadametrics,
said.