Rolling coverage of the latest economic and financial newsIntroduction: House price inflation slowed to 0.3% in JuneNationwide: Tentative signs of a slowdownCrypto crisis: how digital currencies went from boom to collapseUK will face worse inflation than other major economies, says Bank governorTesco faces shortage of Heinz products after row over rising pricesLondon remains the weakest performing region for house price growth since the start of the pandemic. The South West saw the largest increase, as people looked for larger, more rural properties in the move to home-working. Since 2020 Q1, average house prices in the capital have increased by 14.9%, whilst all other regions, except the Outer Metropolitan, have seen at least a 20% uplift.“The South West was also the strongest region over this period, with a 27.7% increase, after taking account of seasonal effects, followed by Wales, where average prices rose 26.2%. Meanwhile in the North West, prices were up 25.8%. Continue reading…
Source : theguardian.com
Read more…UK house price growth slows, as household incomes are squeezed – business live
