Released on = October 4, 2006, 1:40 pm

Press Release Author = Susy Copus

Industry = Real Estate

Press Release Summary = The asking prices of residential property in the UK in
September 2006 has risen by an average 1.1%, beating August\'s rise of 0.8%.


Press Release Body = According to http://www.WheresMyProperty.com, the average
asking price for UK residential property rose by 1.1% to £195,673. This brings the
rise over the last 6 months to 5.4%, and a rise of 6.3% for the year so far and 6.4%
over the last 12 months.

In August 2006 the average asking price for a detached property was £268,499, a
semi-detached £179,076, a bungalow £211,542, a terraced £147,625 and a flat
£159,282.

The average asking price in London rose by 1.1% to £318,327. The top five areas with
the highest rises were Camden (+3.9%), Tower Hamlets (+3.3%), Ealing (+3.2%), Sutton
(+2.9%), Brent (+2.7%).

Although the UK interest rates were raised to 4.75% from 4.5% in the early part of
August this did not dampen the property market. Investment in buy-to-let property
is still strong and effectively competes with first time buyers who are now often
supported by friends and family to get on the property ladder. However, higher
interest rates and higher utility bills are expected in the coming months which may
ultimately rein in house prices.

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 see
their website at http://www.wheresmyproperty.com.



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

Contact Details = info@wheresmyproperty.com