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House Price Inflation Still Strong, Says Ons

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Couldn't see this mentioned anywhere else.

What i find interesting is the change of tact in the article. Particularly the following.

The average UK home now costs £272,000.

House price inflation started to cool in August last year. Before that it had been accelerating since the beginning of 2012.

Even so, house price increases are far outstripping price rises in all other parts of the economy and the growth of earnings, making it difficult for most people to afford a home in many parts of the country without either a high income or very large deposit.

Campbell Robb, chief executive of the housing charity Shelter, said: "Another rise in house prices is yet another blow to the millions of people across the country with barely a hope of getting on the housing ladder, no matter how hard they work or save.

"When young people have to save for more than a decade before they can scrape together a deposit, and their only choice in the meantime is to remain stuck in their childhood bedrooms or paying out dead money to landlords, there is a serious problem."

Is the BBC starting the house price crash is good spin....

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  • 433 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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