UK house prices up by 0.9%

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Monday, Oct 17 2016

UK house prices up by 0.9%

The latest Rightmove house price index based on asking prices, released this morning, says the price of property coming to market has increased by an average 0.9 per cent this month to £309,122, but is still slightly below the all time high reached in June.

In the full month of September sales agreed have recovered after the summer lull and are now down just four per cent nationally compared to the same period in 2015, but up six per cent on 2014. Rightmove says that given the housing market in the second half of 2015 was buoyed by the surprise of a majority government, overall sales activity today seems to be recovering after an especially quiet summer in some southern areas.

Sterling is currently being traded around 1.2150 handle. Pair is likely to find support around 1.21 area and resistance above 1.2230 level.

More in this category: « USD - Major events in the week ahead Eurozone CPI increased by 0.4% »

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