Jun 16
Yes – let’s get some flow in the economy. Houses up again.
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Annual house price inflation is back in double-digits, according to government figures. The Department for Communities and Local Government (DCLG) said prices in April were 10.1% higher than a year ago. That was the highest rate of inflation since October 2007, when prices were on a downward trend.
UK house prices rose by another 0.4% in April, putting the cost of the average UK property at £207,516.
Annual house prices rose in all UK countries except Northern Ireland in the year to April 2010, the DCLG said. Annual house price growth was 10.9% in England, 2.2% in Scotland and 11.3% in Wales.
