House prices could rise by 10% a year!

By : Administrator
Published 29th January 2010 |
Read latest comment - 29th January 2010

From the BBC:

The rate of house price increases could soon rise above 10% a year, the Nationwide building society has said.

Its latest survey shows that the average UK house price rose by 1.2% in January, pushing the annual rate up to 8.6%.

It means the average UK home now costs

Steve Richardson
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Comments
That would be nice, especially as im trying to sell my house at the moment - maybe i should hold fire a bit

Problem is I bet the interest rate will shoot up inline with house increases, now thats not such good news!

Clive

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