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October 29, 2009

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Home » Business » Real Estate

Home market up in England, Wales

HOUSE prices in England and Wales rose 0.9 percent in September, a government agency said yesterday, confirming a rise noted by the country's two major mortgage lenders.

Still, the Land Registry said the September gain left the average price 5.6 percent lower than a year ago. The survey was based on all housing transactions in the regions.

House prices in the United Kingdom rose 1.6 percent in September, the third monthly increase in a row, due to improving demand and a continuing shortage of property for sale, the nation's leading mortgage lender said on Tuesday, citing its own business.

The Halifax, the nation's No. 1 mortgage lender, had reported that prices rose 1.6 percent in September, while No. 3 lender Nationwide Building Society reported a gain of 0.9 percent.


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