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Uk Housing Market 'mildly Weakening'

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by Laurie Osborne, Editor

Published 28th Apr 2006, (a Friday) at 08:00AM
House price inflation slowed sharply in April
to just 0.1%, from 1.1% in March, taking the average price of a British home to £163,573 according to the latest Nationwide figures.
Annual house price growth fell back
below 5% in April to 4.8% (from 5.3% in March) and the building society predicts that it will probably slow further over the rest of 2006.
"All in all we think this adds up to a mildly
weakening, rather than accelerating
, profile for house price growth for the rest of the year," said Fionnuala Earley, Nationwide's Group Economist.

The VIs seem to be saying that the market is not strengthening but rather falling inline with our mirror bubble in the US which is also shwoing sings of weakening. Refreshing to see the occasional bearish article from the Housing press. :)

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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?

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