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Friday, July 31, 2009

UK: Housing Issues Over?

Missed this yesterday. Credit Writedowns with the details:
UK house prices have now risen for three months consecutively and four months in five according to statistics released by Nationwide Building Society this morning. The rise for July was a very robust 1.3% month-on-month, which translates into almost 17% on an annualized basis. Clearly, housing is doing very well during this summer selling season.


Source: Nationwide