Research from Halifax has said that the average house price paid by a first time buyer (FTB) pushed through the 150,000 pound barrier for the first time in 2006.
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The British Bankers Association has said that mortgage lending will remain robust over the coming months.
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2006 turned out to be a good year for house prices with growth of 10.5% according to the Nationwide.
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House price growth is set to continue with one in three people expecting house prices to power ahead in 2007, according to a survey by financial website This is Money.
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In June, the UK property industry received its fourth Housing Minister since the start of 2008 - the ninth person to hold the position in twelve years of Labour Government.
