House prices rise but growth is slowing

The figures reveal that while the UK continues to see positive growth, the rate of growth is slowing. The six month rolling average data shows 6.48% annualised growth rate in March, down from 8.64% in February and a high of 11.98% in October 2009.

Stuart Law, Chief Executive of Assetz, comments:

“The latest Assetz House Price Watch shows that we are now in the throes of a consistent housing market recovery. While house prices continue to rise each month, as predicted, the rate of growth is slowing to a more sustainable level. I still fully expect that we will end the year with overall 5% growth in house prices.”

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