House Prices Up Again

Thu, 04 May 2006

House prices are up 8% in April, Halifax reports.

House prices have gone up 2% in April, to 8% higher than at the same time in 2005, according to the Halifax house price index.

The largest annual increase for 13 months means house prices have gone up 4.4% in the first four months of 2006 to £178,992.

The 2% jump in house prices in April represents a real shock, as house prices go up excessively.

But while heavily out of step with other property market indicators, the Nationwide recorded a 0.1% rise and Hometrack recorded a 0.6% increase in April, with the Halifax claiming that the results were not unexpected.

The steady growth of the first four months of 2006 is unlikely to continue.

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