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UK: House prices near peaks seen before recession

Posted on 18 February 2013

Property asking prices have neared their pre-crisis peaks, according to the latest RightMove House Price Survey. The website reports that the average price of newly marketed property in February was £235,741, just £2,115 lower than their high peak for the month, recorded in 2008 before the collapse of Lehman Brothers.
Asking prices are not always matched by eventual selling prices but can be a good indication of trends. In fact, the latest official house price figures published by the Office of National Statistics last week was also positive, revealing that the average price achieved across the country last December was £233,000, up 3.3 per cent over the year………………………………………..Full Article: Source


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