-Apr SA House Prices +1.1% m/m; +1.4% y/y
LONDON (MNI) – House prices rose on the month in April at their
fastest pace for more than a year, figures from National Statistics
showed Tuesday.
House prices rose a seasonally adjusted 1.1% on the month in April
and were up 1.4% on the year. This was the largest monthly rise since
March 2011.
The data showed a deep market split, however, with prices paid by
first time buyers falling 1.8% on the month, while prices for former
owner occupiers rose 2.3%.
-London bureau: 0044 20 7862 7491; email: puglow@marketnews.com
[TOPICS: M$B$$$,MABDS$]