Sunday, 1 April 2007

UK house inflation - the madness continues.

It just keeps on growing. The bubble gets larger and more hideous by the month. UK house prices climbed in March. In seasonally adjusted terms, prices went up 0.4 percen, giving a 9.3 percent annual increase.

However, the rate of increase appears to have moderated. In February, the annual increase was 10.2 percent, while the monthly increase was 0.7 percent. Is it too early to call the peak? Probably; housing madness in the UK knows no limits.

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