August House Prices

House prices during August remained the same making this month the lowest growth rate month for twenty months.

This is the fifth month in a row to show a slower growth in house prices. This is down to buyers being more wary and the usual summer holiday slow period.

House sales will be tested over the next few months with the rate rises now biting and average debts also on the rise. This is likely to slow the market during the next year or so. Even London’s house price rises only reached 0.1% in August compared with March 2007 high of 1.8%.



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