UK house prices rose at quickest rate since 2002

12 March 2010 @ 08:37 am EDT

The Acadametrics Ltd. said that the United Kingdom house prices in February climbed at the quickest rate since September 2002, average cost of a house in Wales and England rose 1.9% from January to 222,008 pounds. The values of the homes are 4% lower their highest prices which were in February 2008.

The group also stated that transactions in January fell 52% from December to 36,000, which marked the lowest in 11 months.

For more forex information, go to www.ecpulse.com

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