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B B C Have Finally Got It! H P I Is Not Good News

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House price inflation 'subdued'

The average house now costs £8,000 more than it did a year ago
House prices rose 0.3% in June, figures from the Nationwide building society have shown, the
third consecutive month of what it called "subdued growth".
On a three-monthly basis, price growth slowed to 1% in the three months to June from 1.6% in the previous period.
Annual house price inflation rose slightly to 5%, with the average price of a house now standing at £165,730.
Nationwide said it expected
activity to decrease in June
, due to the World Cup, but for the market to remain stable.
Mixed signals
Data from the Bank of England has pointed to a slowdown
in house purchase approvals but other evidence suggests the market will remain quite strong over the summer months.

Not the usual fare from the BBC? No euphoria that HPI is destroying lives and creeating even greater debt burdens. Getting there Beeb. :)

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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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