House Prices Rise to 5-Year High
Land Registry
House prices in Englans and Wales were rose by 1.7% in July from the previous month; the bigest jump since July 2004 the Land Registry has said.
The analysis has shown that every region has seen an increase, with the average house price now standing at £155,885.
Although this is promising news for the UK hosing market, prices are still over 11% lower than the same period last year. House sales were also down when compare to the same period last year.
UK to Follow France and Germany out of Recession?
It was announced to the surprise of many analysts that France and Germany have seen a 0.3% quarter-by-quarter growth in their economies. This was partly attributed to car scrapage schemes and investment in credit-worthy businesses.
Speculation is that the UK should follow suit later on this year, partly aided by the recovering economies in the rest of Europe.