Property News · August 8, 2017

House price slowdown is excellent news – even if estate agents disagree | Nils Pratley


Rises have hit a four-year low in the UK – soaring prices were unsustainable given how slowly wages are increasingTake your pick. House prices in the UK are rising at their slowest annual rate for four years, according to the Halifax’s index. Alternatively, June’s increase was the strongest monthly increase this year.As ever with house prices, it’s best to prefer the longer perspective. On this occasion, that means ignoring the June’s very modest month-on-month pick-up of 0.4% and concentrating on the underlying trend. The mood is best captured by the fact that the May-July period recorded the fourth quarterly fall in a row, the first time that has happened since November 2012. In short, the market has slowed significantly this year. The annual rate of increase was 5.7% in January; now it is 2.1%. Continue reading…

Source : theguardian.com
Read more…House price slowdown is excellent news – even if estate agents disagree | Nils Pratley

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