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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