Monday, August 14, 2006

House price inflation slowed sharply in London

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 (561 views)
Please complete the required fields.



7 thoughts on “House price inflation slowed sharply in London

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

    “The quality of a person’s 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?

    Reply
    Please complete the required fields.



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

    Reply
    Please complete the required fields.



  • Like Prescott (who no longer has charge of this brief), this data is out of date, boring, of little relevance, and a waste of public money.

    Reply
    Please complete the required fields.



  • I’d say the whole of the BBC was out of date, boring, of little relevance, and a waste of money!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”.

    Reply
    Please complete the required fields.



  • 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?

    Reply
    Please complete the required fields.



  • 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

    Reply
    Please complete the required fields.



  • 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.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>