House Prices Rise for First Time in Year

Summary


HOUSE prices edged upwards for the first time in over a year in June as figures displayed starkly different fortunes in the North and South.

The average cost of a property in England and Wales increased by 0.1 per cent during the month, according to the Land Registry, the first positive monthly change since January 2008. Across the country half of the 10 regions - those in the South and West Midlands - showed growth, while areas in the north of the country and Wales continued to see falls.

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House Prices Rise for First Time in Year

Howard Archer, of IHS Global Insight, said the disparity may have arisen because of a lack of housing availability, which has helped prop up prices recentl...

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