House prices soared by an average £5,500 over the first six weeks of the year on the back of record numbers of potential buyers, figures showed today.
Property web site Rightmove said the cost of property in England and Wales rose by 2.1 per cent between January 10 and February 7, putting the average price of a house at £174,506.
The group said there was no sign of the market cooling significantly in response to February's widely anticipated interest rate rise adding that estate agents had reported a 40 per cent surge in viewings compared with the same period of 2003.
Monday February 16, 2004
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