Property News · October 17, 2017

House prices rise 5% a year in more bad news for would-be buyers


Figure is twice that of pay settlements across the country and comes amid a rise in inflationThe rate of house price growth increased to 5% in August, according to official government figures, pushing homes further out of the reach of aspiring young buyers already squeezed by rising inflation.The average UK house price rose by £1,000 in August to reach £226,000, the Office for National Statistics (ONS) said. The increase took the annualised rate of house price inflation to 5%, up from 4.5% in July and more than double the rate of pay settlements across the country. Continue reading…

Source : theguardian.com
Read more…House prices rise 5% a year in more bad news for would-be buyers

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