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Australia A Match For Uk

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ODPM figures for house prices in Australia, America and the UK for July have shown annual house price inflation down to 4 per cent. 

     

This is lowest since Q2 1996 and down from 14.3 per cent this time last year. Britain’s housing market has been slowing for almost a year and it not the only market that has changed markedly in the past year.

The housing markets in Australia and the UK continue to slow in 2005, having both witnessed substantial house price booms over the past decade. House prices have risen 122% in Australia and 170% in the UK since 1996 Q2.

In the second quarter, house price inflation in Australia went negative for the first time since the first quarter of 1996. The slow down has been abrupt as it was only 18 months ago that prices were rising at annual rate of 19%. The situation in the UK is similar, with prices rising at annual rate of 25% at the end of 2002.

The race is on, who will lead?

http://www.mfgonline.co.uk/news/newsarticl...p?unqueid=14461

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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