HOUSE PRICES STILL SOARING
HOUSE prices are continuing to soar in defiance of interest rate rises, official figures revealed yesterday.
The average home in England and Wales went up by more than £1,200 every month in the past year despite Bank of England attempts to dampen the market with hikes to the base rate.
And in welcome news for homeowners, experts claim the possibility of a housing crash is becoming more and more remote.
IS THE HOUSE PRICE BOOM OVER?
House prices are falling across wide areas of the country, it has been revealed.
This could signal the end of the 11-year property boom.
Mortgage approvals in April have also fallen, this time to a 12-month low in an another indication of weakening home buyer demand.
Alarm bells sounded after official figures from the Land Registry showed prices slipping in four of the ten regions into which it divides England and Wales.
Stephen is a communications consultant based out of the UK. You can connect with him on Twitter or check out his LinkedIn profile. | Email Stephen
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Simon Collister
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