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Ft Index Shows House Prices Calming

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FT index shows house prices calming

"House price inflation has levelled off as the revival in the housing market earlier in the year matures into steady growth, the FT house price index for August shows.

Annual house price inflation was 5.7 per cent in August in England and Wales, a touch higher than the upwardly revised 5.6 per cent rate in July. The growth rate of house prices has hovered around 5.5 per cent since April after rising from a low of 3.3 per cent in November 2005. .....

.....London’s house prices were 9.6 per cent higher than a year earlier in July, while house price inflation rates ranged between 5 per cent and 6 per cent in the South East of England, the South West, Wales, the North East, and Yorkshire and Humberside. Prices in East Anglia grew by 4 per cent and the North West by 4.8 per cent.

Only in the Midlands were house prices growing much more slowly, with annual growth of 3 per cent in the West Midlands and 1.9 per cent in the East Midlands. ....."

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FT index shows house prices calming

"House price inflation has levelled off as the revival in the housing market earlier in the year matures into steady growth, the FT house price index for August shows.

Annual house price inflation was 5.7 per cent in August in England and Wales, a touch higher than the upwardly revised 5.6 per cent rate in July. The growth rate of house prices has hovered around 5.5 per cent since April after rising from a low of 3.3 per cent in November 2005. .....

.....London’s house prices were 9.6 per cent higher than a year earlier in July, while house price inflation rates ranged between 5 per cent and 6 per cent in the South East of England, the South West, Wales, the North East, and Yorkshire and Humberside. Prices in East Anglia grew by 4 per cent and the North West by 4.8 per cent.

Only in the Midlands were house prices growing much more slowly, with annual growth of 3 per cent in the West Midlands and 1.9 per cent in the East Midlands. ....."

Confirms what I have been seeing around here. Lots of reductions, "no upward chain," "unexpectedly back on the market" etc. If it is up 3% over a year it must be fewer bigger houses selling as the reductions are outpacing any apparent increases. YoY no doubt fails to account for the sharp downturn in the loca WM market since late Spring. :)

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http://www.in2perspective.com/nr/2006/09/f...3-in-august.jsp

FT: House prices rose 0.3% in August

By Laurie Osborne, Editor
Published 8th Sep 2006, (a Friday) at 11:00AM
See also... housing-market, house-prices, uk, ft, financial-times, academetrics, statistics, real-estate, london
August's FT House Price Index shows house prices rose by 0.3% in August and by 5.7% over the past 12 months.

Overall YoY negative may show up before the winter sets in. :)

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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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