House prices rose in January

HOUSE prices in England and Wales rose by 0.9 per cent during January, pushing the average cost of a home up to £186,045 and more than wiped out December's 0.

HOUSE prices in England and Wales rose by 0.9 per cent during January, pushing the average cost of a home up to £186,045 and more than wiped out December's 0.4pc fall.

But annual house price inflation continued its downward trend, dropping from 6.7pc in December to 6.4pc - its fifth consecutive monthly fall.

Most commentators are now predicting prices will either stagnate this year, or there will be small price falls.

But property website Rightmove recently said prices in England and Wales surged ahead by 3.2pc during the four weeks to February 6, although it cautioned against reading too much into the rise, saying it was likely to have been distorted by the final rollout of the controversial Home Information Packs.


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