Investment Property News - Bueno Investments Limited

Property prices edged forward by 0.1% during October, Government figures
have shown.

Detached homes saw a rise of 0.8% in prices, which offset a fall in terraced
houses of 0.4%.

Average property prices in the UK rose by £84 during the month to stand at
£220,195, according to the Department for Communities and Local Government.

And annual house price inflation also leapt to 11.3% for the year to the end
of October, up from 10.8% during the previous month.

At 32.5%, Northern Ireland still has the strongest year-on-year growth in
the UK despite a decrease in annual house price inflation, followed by
London at 17.7%, up from 16.5% in September.

The South East and Scotland are also still enjoying double-digit house price
inflation, the study added.

First-time buyers are now paying 10.9% more than October last year, an
average of £166,764, to get on to the property ladder, although this is an
easing in the year-on-year change of 11.8% they faced in September.
And former owner-occupiers paid 11.4% more than in October last year, at an
average of £246,408, the Government said.

Copyright © PA Business 2007

http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.communities.gov.uk/corporate (Department for Communities and
Local Government)