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Uk House Prices +2.8 Pct Yy In August -- Government

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http://today.reuters.co.uk/investing/finan...ODPM-URGENT.XML

UK house prices +2.8 pct yy in August -- government

LONDON, Oct 10 (Reuters) - British house price inflation slowed to an annual 2.8 percent in August from 4.0 percent the month before, government statistics showed on Monday.

The Office for the Deputy Prime Minister said the average house price in August was barely changed at 186,208 pounds compared with 186,207 pounds in July.

House price inflation in London slowed to 0.8 percent from 0.9 percent in July.

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i guess it may mean more to people if the government says it's slowing down further, as well. kind of give's it more weight. we'll see. question is, how long before yoy goes -ve

Edited by benjamin

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Rises from last year are still dropping out of the figures, hence the annual rate falling whilst month-on-month reports no change.

Significant news this month is that the South East has finally gone negative YOY and the the South West and East look set to follow likewise next month.

Full report.

Interactive are reporting that prices are up by one English pound

http://www.iii.co.uk/news/?type=afxnews&ar...&action=article

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I'm quite chuffed with that report - nice to see some considerable falls in YoY inflation for Scotland and NI. Growth there, and in NW England, has been propping up the headline figures for the UK as a whole IMO.

Next month's ODPM will be particularly interesting, to see if this alleged September recovery was a figment of the Halifax's imagination

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Interactive are reporting that prices are up by one English pound

http://www.iii.co.uk/news/?type=afxnews&ar...&action=article

Hmm, bet those figures are not inflation linked.... therefore actually $389.50 savings on top of what you would have paid for the interest portion of the mortgage. not a bad months work since prices are supposedly "the same"!!!! :lol:

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just as yoy inflation was about to go negative, someone comes in and changes how it is calculated!

There will be a change to the way the data are collected for the September index due to be

published in November. To make allowance for this change the next publication date in November

will be slightly later than usual. The next three release dates are:

Monday 21 November 2005

Monday 12 December 2005

Monday 16 January 2005

Edited by marzipan

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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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