House prices return to 2007 levels - Acadametrics

According to Acadametrics, which combines figures from the main house price indices, the average price of a home is now at £222,008. February's increase of 1.9% is the tenth in succession and a further step up January's 1.4% rise. It means annual property price inflation is currently standing at 9.7%. However, the figures contradict those recorded by Nationwide and Halifax, which respectively reported a 1% and 1.5% fall in average prices for the month. The discrepancy is explained by the fact Acadametrics' calculations weight information from a range of mortgage lenders and the Com...