princess_morbucks
28-02-14, 14:37
http://www.businesstimes.com.sg/breaking-news/world/uk-house-prices-show-biggest-annual-increase-nearly-four-years-feb-20140228
[LONDON] British house prices recorded their biggest annual rise in nearly four years this month despite a slowdown in the month-on-month rate of growth, data from mortgage lender Nationwide showed on Friday.
House prices rose 0.6 per cent in February, the slowest pace of monthly growth since June last year and down slightly from an upwardly revised increase of 0.8 per cent in January, Nationwide said in a statement.
But in year-on-year terms, house prices in February were 9.4 per cent higher than in the same month last year, stronger than a rise of 8.8 per cent in the 12 months to January and the biggest annual jump since May 2010.
Prices in the three months to February also rose strongly, growing by 3.0 per cent compared to the previous three-month period. January saw a similar increase, a rate of growth last seen in November 2009 when prices were bouncing from a trough reached earlier that year.
[LONDON] British house prices recorded their biggest annual rise in nearly four years this month despite a slowdown in the month-on-month rate of growth, data from mortgage lender Nationwide showed on Friday.
House prices rose 0.6 per cent in February, the slowest pace of monthly growth since June last year and down slightly from an upwardly revised increase of 0.8 per cent in January, Nationwide said in a statement.
But in year-on-year terms, house prices in February were 9.4 per cent higher than in the same month last year, stronger than a rise of 8.8 per cent in the 12 months to January and the biggest annual jump since May 2010.
Prices in the three months to February also rose strongly, growing by 3.0 per cent compared to the previous three-month period. January saw a similar increase, a rate of growth last seen in November 2009 when prices were bouncing from a trough reached earlier that year.