Annual price growth accelerated for third month in a row in October, amid warnings of a surge in buy-to-let purchases before AprilHouse price growth is accelerating, with the latest official data showing another robust monthly rise, prompting a leading property commentator to warn that the housing market is heading for a “boom and bust”.The average cost of a home in the UK now stands at £287,000 following a 0.8% rise in October, said the Office for National Statistics (ONS). It added that the annual rate of price growth has increased for the third month running and is now 7%, up from 6.1% in September and 5.5% in August. Continue reading…
Source : theguardian.com
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