Monday, Aug 14, 2006

House price inflation slowed sharply in London

BBC News: Slowdown hits house price growth

House price inflation in the UK is slowing, official government figures have shown. The Department for Communities and Local Government (DCLG) - formerly the ODPM - said prices rose by 5.2% in the year to June, down from 5.6% in May.

Posted by webmaster @ 12:53 PM (529 views)
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7 Comments

1. inbreda said...

Anyone else notice the link on the page to http://www.bbc.co.uk/dna/actionnetwork/C2462

"The quality of a persons housing can have a profound impact on their life. It can affect their security, their health and wellbeing. Some people simply cannot afford decent housing."

Is the BBC finally catching up?

Monday, August 14, 2006 01:03PM Report Comment
 

2. inbreda said...

Surely this implies that either May05 was an exceptionally good month, or that June06 saw house price falls?

Monday, August 14, 2006 02:31PM Report Comment
 

3. uncle tom said...

Like Prescott (who no longer has charge of this brief), this data is out of date, boring, of little relevance, and a waste of public money.

Monday, August 14, 2006 03:41PM Report Comment
 

4. Sloth said...

I'd say the whole of the BBC was out of date, boring, of little relevance, and a waste of money!

I certainly ignore license fee "requests".

Monday, August 14, 2006 03:45PM Report Comment
 

5. sebastian said...

Yes, what is the point of the goverment surveying the cost of houses when there is already more that enough data out there to give a decent picture? Especially when they say house prices have no bearing on interest rate rises?

Monday, August 14, 2006 04:30PM Report Comment
 

6. sirgoogle said...

I hope that you notivce the subtle change in tone from the BBC

"house price inflation". For the first time I have seen the BBC use the word INFLATION with respect to house prices. In the past it has been always a positive thing. The use of the "I" word means that there is a sea change going on.

Talking about a "crash" is now fashionable - I think the website will get a few more visits now

Lets see how long it lasts

Monday, August 14, 2006 10:09PM Report Comment
 

7. harold said...

It's a trait of human beings that they live in the present. People will deny that a HPC is possible until it is upon them. Another rise in IR could create a very different market sentiment, and one unimaginable for most people at present. Global liquidity tightening has only just begun in earnest. In response to this tightening we might see a few tumbles in the City.

Monday, August 14, 2006 10:28PM Report Comment
 

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