House Prices Rise in January
House prices rose by 1.2% in January according to figures from Nationwide. This increases the annual rate of increase to 8.6%.The Nationwide has suggested that annual house price inflation could soon hit 10% as prices have been rising now for 9 months in a row and the current rate of increase is the highest since October 2007.
Again the lack of supply of available property appears to continue to be the main driver in rising prices.
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