Weakening economy, cost-of-living squeeze and rising interest rates are cooling market, index showsThe growth of UK house prices slowed this month, an index shows, as the weakening economy, cost of living squeeze, and rising interest rates cooled the market.Prices were up by 10.7% in June, slowing from 11.2% in May, Nationwide building society said.South-west, £318,325, 14.7%East Anglia, £289,024, 14.2%Wales, £208,309, 13.4%North-west, £213,888, 13.3%West Midlands, £244,167, 11.8%Yorkshire and the Humber, £205,714, 11.8%East Midlands, £234,828, 11.4%Outer south-east (includes Ashford, Basingstoke and Deane, Bedford, Braintree, Brighton and Hove, Canterbury, Colchester, Dover, Hastings, Lewes, Fareham, Isle of Wight, Maldon, Milton Keynes, New Forest, Oxford, Portsmouth, Southampton, Swale, Tendring, Thanet, Uttlesford, Winchester, Worthing), £348,564, 11.1%Northern Ireland, £181,550, 11%North-east, £159,283, 10.6%Outer metropolitan (includes St Albans, Stevenage, Watford, Luton, Maidstone, Reading, Rochford, Rushmoor, Sevenoaks, Slough, Southend-on-Sea, Elmbridge, Epsom and Ewell, Guildford, Mole Valley, Reigate and Banstead, Runnymede, Spelthorne, Waverley, Woking, Tunbridge Wells, Windsor and Maidenhead, Wokingham), £433,558, 10.0%Scotland, £181,422, 9.5%London, £540,399, 6% Continue reading…
Source : theguardian.com
Read more…Average UK house prices hit record high in June but slowdown signs emerge
