CPS Homes

House price inflation easing off!

The mortgage lender says that in May, house prices rose by just 0.3%, pulling the annual inflation rate down from 10.9% to 10.6%.

It said this was clear evidence that the property market was now reacting to the four increases in interest rates since last summer.

The Halifax now puts the average UK house price at £196,893.

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08 June 2007

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