Buying a house in Britain cost less in November 2004 than in October, according to the latest statistics from the Office of the Deputy Prime Minister, as the average property value fell to 180,226 in November.
Data presented by the ODPM - which is usually approximately three months behind the market - suggests house prices fell rather than rose in November as the “mix-adjusted average house price” fell to £180,226 from £180,444 in October. That said, the government department seems to suggests house prices may still be rising in certain parts of the UK as the national annual house price inflation rate rose from 12.6% to 13.8% in November. Moreover, the average London house price must have still risen a fraction in November too, as annualised inflation grew to 7.1% in London, boosting the av...
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