House prices rise 0.2% - Hometrack

01 December 2009

House prices rose 0.2% in November – the fourth consecutive rise according to Hometrack’s monthly survey.

Hometrack’s director of research Richard Donnell said: “There are three distinct elements to the latest results from this and other recent surveys. The first is that prices continue to post month-on-month increases. The second is the extent of price rises across the country.

“The third and most important element is the short term outlook for prices.”

Donnell added that new buyer registrations had risen by 0.1% in November, the lowest level since the start of the year, and this suggested that “the upward pressure on prices is likely to decline in the months ahead.”

Click here for more on this story.

Back