Jump to content
House Price Crash Forum
Sign in to follow this  
HPC Convert

Hpi Still Increasing

Recommended Posts

BBC NEWS

House prices accelerate in June

The average UK home cost £214,222 in June

UK house prices were 12.1% higher in June than a year earlier, according to the latest government figures.

The rate of growth was the highest since March 2005, and compares with May's revised figure of 10.8%.

The average UK house price rose from £210,793 in May to £214,222 in June, according to the Department of Communities and Local Government.

Recent surveys from the Halifax and Nationwide have also seen price growth remain strong.

But many expect the pace to slow later in the year as the five interest rate rises of the past year take effect.

Market 'resilient'

The DCLG survey it takes its figures at the point when mortgages are completed while other surveys tend to take their figures from earlier in the process.

It means that the figures are very reliable, because they exclude the possibility of sales falling through, but they tend to lag behind the figures in other reports and will show trends later.

These figures are for June while Nationwide and Halifax have already published their figures for July.

"There is no denying that the DCLG house price data are markedly stronger than expected, and suggest that the housing market is proving resilient to higher interest rates," said Howard Archer from Global Insight.

The DCLG survey also showed that price growth in London remained buoyant, with annual price growth hitting 17.5% in June, up from 14.3% in May.

Edited by HPC Convert

Share this post


Link to post
Share on other sites
BBC NEWS

House prices accelerate in June

The average UK home cost £214,222 in June

UK house prices were 12.1% higher in June than a year earlier, according to the latest government figures.

The rate of growth was the highest since March 2005, and compares with May's revised figure of 10.8%.

The average UK house price rose from £210,793 in May to £214,222 in June, according to the Department of Communities and Local Government.

Recent surveys from the Halifax and Nationwide have also seen price growth remain strong.

But many expect the pace to slow later in the year as the five interest rate rises of the past year take effect.

Market 'resilient'

The DCLG survey it takes its figures at the point when mortgages are completed while other surveys tend to take their figures from earlier in the process.

It means that the figures are very reliable, because they exclude the possibility of sales falling through, but they tend to lag behind the figures in other reports and will show trends later.

These figures are for June while Nationwide and Halifax have already published their figures for July.

"There is no denying that the DCLG house price data are markedly stronger than expected, and suggest that the housing market is proving resilient to higher interest rates," said Howard Archer from Global Insight.

The DCLG survey also showed that price growth in London remained buoyant, with annual price growth hitting 17.5% in June, up from 14.3% in May.

Thats funny.

No comments on this thread.....maybe somethings broken?

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 356 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.