Onwards and upwards for house prices - 2004-03-03
Just when people were starting to talk of a cooling of house prices, the figures revealed a sharp rise again.

The Bank of England's recent base rate rises seen do appear to have had a slight impact on housing affordability; the percentage of earnings spent on mortgage repayments rose from 13.9% to 15.5%. However, compared with the long-term average of 21%, paying the mortgage currently remains relatively affordable.
Read the full story at Guardian Unlimited

Higher interest rates fail to keep down house prices - 2004-03-03
UK house prices are still climbing strongly, despite interest rates having been bumped up twice by the Bank of England, the Halifax says.

The UK's biggest mortgage lender said the year-on-year rise in house prices stood at 17.8%, up from 16% in January and 15.4% in December.

The current average price of a home rose 1.6% during February, to £148,089.
Read the full story at BBC