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Tuesday, 12 January 2010

House Price Rises Slowed in December

The latest RICS survey shows that house price rises slowed in December.

30% more surveyors saw rises than falls in December but the positive balance was lower than in November or October. It is difficult to read too much into December figures - with the run up to Christmas, it is part of the normal seasonal slowdown.

The Government's figures show that house prices rose 1.7% in November, meaning they were 0.6% higher than in November 2008. Overall prices rose by 3.5% in the quarter ending November.

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