House price growth 'stable' in February

An aggregate of five major house price indices, compiled by Assetz, also showed annualised growth was at half the level seen a year ago. Assetz’s index shows annualised price growth was stable at 5.4% in February 2008, meaning the average price of a home in the UK was £213,430, a monthly increase of £1,958. Assetz claims the figures show the market is beginning to stabilise and the slowdown in annual house price growth may now be ending. The firm even claim a upturn in price growth may be witnessed in March. On a monthly basis, prices grew by 0.7%, the first positive monthly increase sin...