Housing market regains strength by Finance News Bulletin

Published: 24/05/07

The housing market showed no symbol of cooling off in September after the imposing interest rate hike, with Nationwide reporting "unseasonably strong" growthSeptember's monthly price directory rose 13 per cent in September, bringing the standard price for 2006 up 82 per cent

The latest price bound is the highest since February 2005 in the near the beginning months of the housing boomGroup economist Fionnuala Earley, said: "A weak scrap this time last year, when prices fell by 02 per cent, exaggerates the yearly increase, but the more new three-month-on-three-month series still shows a clear pick up in cost growth since July"The report also predicted that housing demand will stay firm, especially in buy-to-let housing where two-thirds of obtainable landlords hope to extend their portfolios

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