Interest rate hike finally stops house price rise

A survey of chartered estate agents for the last three months suggests house prices have slowed across the country, even though 20% of surveyors said prices rose to July, says RICS. That said, house prices are now static in the Midlands and East Anglia and some areas of southern England have seen values fall, compared with increases in the North West, Yorkshire and Humberside and Wales. The only locations to show robust price rises were the North East and Scotland. Scotland and the North East are the only regions still thought to have seen strong house price rises, even though thinki...