House prices increase for ninth successive month

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House prices increase for ninth successive month

Lifetime news

Posted on: 06/11/2013

Increased demand for homes has led to the ninth consecutive monthly increase in house prices, according to the Halifax.

The mortgage lender said that property prices were up by 0.7% in October, compared with the previous month.

However, the lender stated that prices and sales had not reached the levels seen at the height of the boom in 2007.

And two cities in the United Kingdom have ‘runaway’ house prices – and is seeing a constant stream of property buyers from overseas.

One, you would be unsurprised to learn, is London.

But can you guess the other?

Well……it is north of London. Much further north!

The other place in question is Aberdeen. House prices in and around the ‘Granite City’ have more than doubled in the past 10 years, according to data from the Nationwide Building Society.

That increase is only matched by the trendy north London borough of Islington, and by Westminster in the heart of the English capital.

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