Hometrack's November survey of the housing market shows a 0.4 per cent increase in house prices which it says confirms the continuing healthy state of the market.
The average house cost £146,500 up from £145,900 last month. Highest house price rises occurred in Cumbria (1.5 per cent), north London ( 1.1 per cent), Hereford and Worcester (0.9 per cent), and mid Wales (0.9 per cent). While no county experiences price falls, the Isle of Wight and Wiltshire both reported flat prices (0.0 per cent).
Housing economist John Wriglesworth says: “We predict a 4 per cent increase in prices for 2004. There's more chance of finding Elvis on the moon than there is of a house price crash next year.”