Rat and Mouse
Fri
07
Dec
Market report - still time for upward mobility

It's the FT's property index, and it has England and Wales homes rising in value by 0.5% in November, leaving annual inflation at 9.1%. Yes, it's surprising. So how'd it happen? Firstly, it's based on transactions agreed before the panic really set in. Secondly, it's been skewed by some hot London action... with London discounted the index fell a little, and the annual rate was just 6.7%.

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