Tuesday 22 January 2008

Index of indices shows slowing house price growth

"Annual UK house price growth reached 6.4% by the end of December 2007, a 3.9% fall on 2006’s figures, according to property investment group Assetz.

The Assetz House Price Watch Index, which gives an overview of the UK’s major house price indices, found the average house price in December 2007 to be £212,047, down £1,374 from £213,421 in November. While the rate of house price growth was slower on the year however, prices still managed to increase by £12,799 in 2007..."

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