House price increase drops to lowest point in decade

May 16, 2005
Research by property website Rightmove has revealed that the annual rate of house price inflation has fallen to its lowest point for 10 years. The website said prices were up just 4.9% over the past year, compared to a peak of 18% recorded in July 2004. Figures from the Land Registry also show that 159,116 people bought a new home …

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