A report in the Financial Times shows that UK house prices continue to rise. This despite the threat of higher interest rates. The report is from Nationwide, the UK's largest building society. According to the Nationwide, prices rose 1.3% in September and now stand 8.2% above a year ago. This rise compares with a 3% inflation rate and may tempt the Bank of England to raise rates a further quarter point.
To read the FT report, click on the post title.
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