Residential Property Prices Clearly Flat
Written by JDPGlobal | Tuesday, 09 August 2005
Residential property price inflation has been flat in the majority of regions throughout the United Kingdom. However, many experts are not predicting a property crash in the forseeable future.
The latest reports from the Deputy Prime Minister Office illustrate that annual property price inflation fell from almost twenty percent last year to around five percent this year.
The previous period in which property price growth was so limited was between June and October 1996 when prices rose by five percent to an average of £73,550, according to the Land Registry.
