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House prices soar

Series: Financial Times ; 30 November 19999, 19 | Independent ; 30 November 1999, 19 | Financial Times ; 2 December 1999, 7(2)Publication details: 1999Subject(s): Summary: The Nationwide house price index increased by 1.9% in November, with the average price of a house rising £300 a week. It reports an annual rate of increase of 13.3%, the fastest pace since the 80s boom. However the Halifax reported a fall of 0.5% in its seasonally adjusted index for November, and an annual increase of 10.7%. The decrease is seen as a correction, with the market moderating rather than starting to decline.
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News article London News article WB3547-22 (Browse shelf(Opens below)) 1 Available 102992-1001

The Nationwide house price index increased by 1.9% in November, with the average price of a house rising £300 a week. It reports an annual rate of increase of 13.3%, the fastest pace since the 80s boom. However the Halifax reported a fall of 0.5% in its seasonally adjusted index for November, and an annual increase of 10.7%. The decrease is seen as a correction, with the market moderating rather than starting to decline.