House prices rise 1.4% in January
Free email from MoneyWeek
Money
Morning is the FREE daily email from MoneyWeek – a punchy round-up
of the latest investment news and profit opportunities. DON’T MISS
IT!
This genius investor does dizzying levels of research to uncover...Half Price Shares!
The UK housing market got off to a strong start in 2006, according to the Nationwide building society, registering their biggest one month rise since July 2004 in January.
House prices increased by 1.4% in January, bringing the annual growth rate to 4.4%, today's report showed.
"This is a significant increase in price and confirms the strengthening trend we have seen since October," said Nationwide's Group Economist Fionnuala Earley.
(Article continues below)Advertisement
The average house price in the UK is now £158,478, compared to £151,757 at this time last year.
On a more cautionary note, Earley said the strong rise in the coming months is unlikely as the UK economy's "path of recovery," continues.
FREE! For all our latest advice on making profitable investments, claim your 3-week FREE trial of the MoneyWeek website and magazine now.
Money Morning is the FREE daily email from MoneyWeek
– a punchy round-up of the latest investment news and profit opportunities.
DON’T MISS IT!
