You are here: Home - Uncategorized -

House prices dip

0
Written by:
19/12/2006

House prices dipped in November according to the Office of the Deputy Prime Minister (OPDM).

It recorded a slight drop in the average house price from £180,444 to £180,226, showing that the market is slowing as a result of Base Rate increases.

The ODPM index comes out later than many other house price indices, but before the Land Registry figures. It is based on lending information rather than actual housing transactions, so does not include cash sales, which account for around a quarter of the market.

Economists forecast that ODPM figures are likely to show a further weakening in coming months.

Tagged:

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2018-2019

Download our guide to the best mortgage lenders in the UK

Read More >

Read previous post:
In the terraces

The popularity of terraced houses has grown over the last year, according to Norwich & Peterborough. The lender said that...

Close