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Sour Mash

Six Regions Hit New House Price Peak, Says Ons

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Looks like it's boomtime again - wonder why most people aren't feeling the 'recovery' ..... <_<


Six regions of the UK now have average house prices higher than their pre-financial crisis peak after values rose again in July, figures show.

The East Midlands, West Midlands and South West of England have joined London, the East of England and the South East of England in rising above the peak of late 2007 and early 2008.

The Office for National Statistics (ONS) said UK property prices were up 11.7% in the year to the end of July.

The biggest rise was 19.1% in London.

The figures were published as the ONS also revealed that inflation, as measured by the Consumer Prices Index, had slowed slightly to 1.5% in August from 1.6% the month before.

And inflation remarkably low! Truly we've never had it so good! :lol:

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Collapse is inevitable now. This time there is nowhere to go to stop the collapse.

I think Scotland will be blamed.

I hope the bankers and the politicians are blamed.

Edited by TheCountOfNowhere

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