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Saturday, February 09, 2013

House Prices Surge

House prices are up again in January which is good news for landlords.  The latest rise of just under 2% according to the Halifax was the second successive increase and the biggest monthly rise since January 2010.  Could this mean the end of the property blues? Possibly.  I guess it depends how the crisis pans out in Europe and whether 'austerity' works.

For those landlords that are prepared to take the very long view. the latest Shelter report indicates that the typical value of a house has risen 43 times since 1971.  If the same rate of inflation was applied to a 4 pint carton of milk it would now cost £10.45 according to the Shelter figures.  Food for thought!
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