Summary
The housing market went back into overdrive in July, showing the biggest year-onyear surge since May 2003, the latest Nationwide survey showed yesterday
The easing of house price inflation seen in May and June evaporated amid a monthly increase of 2.1 per cent which compared with a hike of 0.9 per cent in June. Prices have risen by 12 per cent since the start of the year and the average house now costs pounds 154,299.See the full content of this document
Extract
Rising House Prices Confuse the Experts
Nationwide said its prediction of a 15 per cent rise this year was now under review. The figures, which market commentators said made another rise in...
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