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UK house prices up 0.9 pct in SeptemberLONDON (AP) — House prices in England and Wales rose 0.9 percent in September, a government agency said Wednesday, 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 U.K. 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 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. Analysts have said house prices are being supported by a restricted supply of homes on the market. The Land Registry, however, has recorded an increase in activity, with 57,579 transactions completed in July — the latest month available — compared to the low of 26,662 in January.
About Coldwell Banker®
Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2008, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the ninth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,500 residential real estate offices and approximately 100,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge ® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated. |
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