Insurance News Archive

House prices grow in November

House price inflation in London and the south-east has strongly contributed to overall average house price inflation, new figures have shown.

According to Hometrack's latest housing monitor, average house price growth increased by 0.6 per cent in November compared to 0.4 per cent the month previously.

House price in the capital reached 1.2 per cent between October and November.

Commenting on the future of the housing market, Richard Donnell, director of research at Hometrack, speculated that house prices could rise by four per cent over the course of 2007.

He said that such a trend would be "supported by low levels of housing turnover and prices continuing to be set by the 'haves' already on the housing ladder".

28 Nov 2006