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Friday, May 29, 2009

House Prices Rise

House prices rose by 1.2% in May.

However, before you crack open the champers, I would draw your attention to the following:

1 The figure is provided by Nationwide, an organisation with an interest in talking up the market.

2 One swallow does not make a summer, prices are 11.3% lower than they were a year ago.

3 Rising house prices will not necessarily get people back to work.

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