House prices continue to stagnate - papers 11th Nov

House prices nudged up by 0.1% in October, much less than the 0.9% monthly rise recorded a year earlier, says the paper. Slower monthly price growth this October pushed the annual rate of house price inflation down from 3.3% in September to 2.5%. General price inflation in September, as measured by the consumer price index, was also 2.5%. The housing market has been now been broadly stable for the past eight months, once seasonal factors are removed from the figures, with small monthly moves up and down. There are no signs of an imminent housing crash or renewed strength in the market....