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Friday 8th of August 2008 07:17:44 PM  

 

Investment Property News - Bueno Investments Limited


North East House Prices Buck Trend

Homeowners in the North East have cause to celebrate as new figures show
that the region saw the biggest growth in annual house price inflation
during November.

According to the Department for Communities and Local Government, annual
growth in the region increased to 7.6% in the month, which is a 2.4% jump
compared with the year to the end of October.

Only three other regions also saw annual house price inflation rise in the
month, but the DCLG said that the figures for Scotland, the East Midlands
and the East were more modest.

Buy-to-let investors looking at extending their property portfolios also
received good news, as prices for typical first-time homes were found to be
falling.

The DCLG said that the average person getting on to the property ladder in
November paid £165,230 for a first home, which is 0.9% less than in October.

Copyright © PA Business 2008

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

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




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