Rising Houses Prices

This September 2004 house prices rose 1.4%. These records from the Halifax have gone against the recently suggested cooling in the house market. Halifax which is one of the biggest mortgage lenders in the UK, has stated that house prices in July-September were up – just over 20%.

A large ratio of economists believe that there is could be one more rise in interest rates. They suggest that it could be in November. There has so far been five Bank of England interest rate rises since then. Could there finally be a change on the horizon?

Halifax has also suggested that property prices have grown more in the south of England. Surrey remains the most expensive place to buy property. The average property price is over £100,000. Another county where the prices have gone up the most is Dorset. With over a 200% increase in house prices.

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