Released on = January 10, 2007, 1:21 pm

Press Release Author = Susy Copus

Industry = Real Estate

Press Release Summary = The asking prices of residential property in the UK in
December 2006 has risen by an average 0.8%.

Press Release Body = According to http://www.WheresMyProperty.com, the average
asking price for UK residential property rose by 0.8% in December 2006 to £207,933.
This brings the rise over the last 6 months to 5.9%, and a rise of 13% for the year.


In December 2006 the average asking price for a detached property was £284,629, a
semi-detached £189,600, a bungalow £222,824, a terraced £156,349 and a flat
£169,829.

The average asking price in London for December 2006 rose by 1.4% to £348,546 which
brings the rise through 2006 to 17.3%. The top five areas with the highest rises
were Kensington and Chelsea (+5%), Ealing (+4.1%), Bromley (+3.5%), Hammersmith and
Fulham (+3.5%), Kensington and City of Westminster (+2.9%).

House prices are still expected to continue to rise in 2007 albeit at a slower rate
as interest rates may rise in next month and households have higher utility bills
than the same time last year. However, the economy is growing, employment is rising
and there is an ongoing lack of supply.

WheresMyProperty provides up to date asking price analysis for the UK and has around
900,000 property listings from 1000s of property websites. For more information
visit http://www.wheresmyproperty.com.


Web Site = http://www.wheresmyproperty.com

Contact Details = info@wheresmyproperty.com