Upcoming Events :
Seminar: Outsourcing and Contract Procurement
Tue 28 Feb 2012
Minerva House, 5 Montague Close, London, SE1 9BB
House prices continue to rise
Tue 08 Dec 2009
Property values in the UK rose by 1.4 per cent last month, according to the latest figures from Halifax.
This means that average house prices in Britain now stand at £167,664, over £13,000 more than the figure recorded in April 2009.
Halifax attributed this development, which is the fifth increase in as many months, to demand for property outstripping supply.
However, the organisation predicted that house price growth would start to level off in 2010 and remain fairly static.
The Royal Institution of Chartered Surveyors was more optimistic with its forecasts, despite conceding that momentum in the housing market did appear to be slackening.
Simon Rubinsohn, chief economist at the organisation, said he expects house prices in the UK to keep going up during the early part of 2010.
This, he stated, would occur even if the extended zero rate band for stamp duty is scrapped at the end of this month.
