Monday, October 19, 2009

House prices in 1st annual gain in 16 months


House prices in 1st annual gain in 16 months


LONDON (Reuters) - Asking prices for homes in England and Wales rose on an annual basis for the first in more than a year in October, property Web site Rightmove said on Monday, buoyed by a dearth of properties coming onto the market. Asking prices rose 0.2 percent on the year -- the first annual rise since June 2008 -- taking them to an average 230,184 pounds.

iii.co.uk

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