Tuesday, August 16, 2016
House Price Crash Cancelled
The annual rate of UK house price inflation accelerated to 8.7pct to June, according to official figures. According to the new House Price Index, the rise brought the cost of an average home to Â£213,927. The new "experimental" index comprises figures collated by the Office for National Statistics from data supplied by Land Registry, Registers of Scotland, Land and Property Services, Northern Ireland and the Valuation Office Agency. The figures do not fully reflect any impact of the result of the vote to leave the EU, which was declared on 24 June.