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U.K. property prices increased in January, Acadametrics says

Posted on 08 February 2013

U.K. house prices rose in January as strains in the mortgage market eased and funding costs fell, Acadametrics Ltd. said. The average price of a home in England and Wales increased 0.2 percent to 227,478 pounds ($357,300), Acadametrics and LSL Property Services Plc said in a monthly report published in London today. From a year earlier, values gained 3.1 percent.
The Bank of England’s Funding for Lending Scheme has shown “encouraging signs,” though it’s still early days to gauge its success, Governor-designate Mark Carney said……………………………………….Full Article: Source


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