House prices up in November
07-Jan-2008
The housing market in England and Wales grew stronger in November, according to new figures released.
Research from the Land Registry showed a 0.6 per cent increase in house prices between October and November.
Annual growth stood at 8.1 per cent on average, the survey revealed.
In November, the average cost of a property was £186,009 following the increases.
Robert Bryant-Pearson, chief executive of Allied Surveyors, said there was not likely to be a house crash in the near future.
He added: "There is still a severe shortage of homes which means that prices cannot plunge, only correct for certain types of property which has been a long time coming."
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