Interest Rate Rises Slow House Price Growth

Daily PostFebruary 22, 2007

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Summary


THE average asking price for a house in England and Wales reached pounds 224,802 in February but a fall in the annual growth rate suggests a cooling market, figures today indicated.

Year-on-year inflation saw its sharpest drop for 18 months, down from 13.5% in January to 11.5%.

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Extract


Interest Rate Rises Slow House Price Growth

A monthly increase of 0.9% added around pounds 2,000 to the typical asking price of a house,...

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