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Article: UK house prices up 2%, says study
- Article from:
- The Irish Times
- Article date:
- October 31, 2009
CopyrightCopyright 2009 The Irish Times. Provided by ProQuest LLC. (Hide copyright information)
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BRITISH HOUSE prices posted their first annual gain since early
2008 and consumer confidence hit a 21-month high in October,
according to two surveys which suggest economic conditions are
gradually improving.
Mortgage lender Nationwide said house prices rose 0.4 per cent in
October, leaving them 2.0 per cent higher than a year ago in their
first annual rise since March 2008.
Separately, pollsters GfK NOP said their consumer confidence
index rose to -13, its highest since January 2008, reflecting an
improvement in Britons' perception of economic conditions over the
last year and of their personal finances going forward.
But analysts questioned how long the trend would last, given the
bleak ...