8th January 2016

House Prices Rise By 9.5% After December Surge

In the three months to December house price inflation was 1.6%, the second successive month growth was below 2%.

The biggest price rises took place in Newham in London, where the typical house price was 22% higher than the previous year.

New instructions by home sellers fell in November for the 10th successive month, contributing to available stock declining for the eighth month in a row.

Despite the lack of stock homes sales from September to November were 5.2% higher than in the same three months last year.

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