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Price growth slowed at end of '07Published on: 31/01/2008 Annual house price growth slowed significantly as 2007 drew to a close, according to Assetz. Growth fell back further from the year low recorded in November (7.9 per cent) to end the year at 6.4 per cent – the lowest level of annual growth since June 2006. While annual price growth was slightly lower than expected, a significant slowdown was necessary with the current level of growth unsustainable at above the long term seven per cent average. However, this has not impacted harmfully on the average UK house price, which remains strong, recording only a marginal fall on November’s figure. Source: http://news.hotproperty.co.uk |
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