Property prices in the UK remained robust in January after annual house price inflation rose yet again compared with a fall in the same period last year, government figures show.
The Office of the Deputy Prime Minister (ODPM) suggests UK annual house price inflation rose to 9.7% in the first month of 2004, from 8.3% in December, indicating the market is gaining further strength. This inflation took the average house price in the UK to £163,645 in January - adding another £991 to the value of the average property. Demograpically, all four home countries saw an increase in annual house inflation. The strongest rise occurred in Scotland, where annualised inflation moved to 23.3% from 15.5% in December. In England, annualised inflation rose to 8.8% from 7.7%. ...
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