House prices inflation is at its slowest rate for nine years but first-time buyer properties still come at a premium, suggest the latest figures from the Office of the Deputy Prime Minister.
Latest statistics indicate house prices rose 2.2% in October from a year ago, compared with 3.3% in September, however, this is markedly lower than first-time buyer homes, which saw prices rise by 5% per annum in October. The average house price is now reported to be lower than the previous month at £186,103 - thanks largely to a fall in the value of London-based properties - but the ODPM ifigures indicate the average English house price could top £200,00 in 2006. Most of the growth inflation in October was seen in the north east, Yourkshire and the Humber - along with other regions which...
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