DCLG house price survey |
The Department for Communities and Local Government (DCLG) has released results of its January house price survey. They show that house prices rose 2.1% in January, bringing the average house price to £205,286.
The annual rate of house price growth was 10.9%, up from 9.9% in December 06. London had a slightly higher rate of growth, up from 11.8% in December to 13.2% in January. London was overshadowed by Northern Ireland however which has an annual house price inflation rate of 42.5%. Experts have suggested that this high growth is due to a peace dividend.
