Credit crisis fails to dent house prices

Assetz House Price Watch, created using data from five major UK house price surveys, show an annualised growth rate of 11.1% in August and a 0.5% increase in growth since July. However, Assetz says house price growth is slowing, with average values increasing by less than £1000 a month for the past two months, compared with a £20,000 total increase since August last year. Assets says the stabilisation of prices is largely attributed to dented consumer confidence, the launch of HIPs and the fact the summer is a traditionally slow period for house sales. However, the report says there is l...