Homes Shortage Pushing Prices Up

Daily PostFebruary 05, 2004

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Summary


HOMEOWNERS across North Wales are being told to expect a quarter point jump in interest rates today and the prospect of bigger mortgage repayments as the housing market shows no signs of running out of steam.

Latest figures show that house prices rose by 2.2pcduring January as a shortage of homes for sale continued to push prices up.

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Extract


Homes Shortage Pushing Prices Up

Britain's biggest mortgage lender Halifax said the increase, which followed a gain of 2pc in December...

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