Tuesday, February 19, 2008

UK Housing Prices increased!

U.K. Housing prices increased for the first time in four months, according to Rightmove Plc. Seller’s are anticipating greater demand after the BoE cut the benchmark interest rate two times to 5.25%.Nevertheless, the housing market isn’t showing signs of rebounding as homes are averaging 93 days on the market, an increase from 78 days a year earlier, and seasonal factors are helping to inflate prices.

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