U.K. House Prices up in February

House prices rose in February in more regions of England and Wales than at any time in nearly 10 years, a survey showed on Monday, a signal the housing market recovery is spreading beyond London and the southeast.

Asking prices for houses in England and Wales rose 0.7 percent in February, the strongest month-on-month growth since April 2007, compared with 0.3 percent in January, according to a survey of estate agents and surveyors by data firm Hometrack.

The report also showed the greatest number of areas with rising asking prices for houses since July 2004. Slightly more than half of postcode districts recorded higher property prices.

Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.