U.K House prices rise by 0.3%

Friday, 5 August 2011 12:21

Month on month change between June 2011 and July 2011 for House Prices in the United Kingdom increased by 0.3%.  Forecast by economists predicted halifax HPI around 0.1%, while previous figure showed 1.5%.  The 0.3% increase is the third month in a row of increases.

The quarterly change was 0.5 higher than the previous quarter.  The average price for a home in the U.K is 163,980 British pounds.

Furthermore, the change in the price of goods and raw materials purchased by manufactureres was released at 0.6%, as forecasted; raising from previous release of 0.2%.