House prices slip back in May – Money Marketing Sky-high Hong kong home prices may not last as trade war bites Chinese consumer and factory inflation slowed more than expected in December, raising fears of deflation in the world’s second-largest economy as China’s trade war with the United States reduced.The median sales price of a new home rose 0.4 percent from a year ago, to $312,400. But that masks a broader change last month, which was more sales at luxury prices levels. ten percent of new homes purchased in April cost more than $750,000 – twice the percentage of homes bought last year in that range.
There was a modest rebound in annual house price growth in July, up 2.5% year-on-year while prices role 0.6% month-on-month, the Nationwide House Price House has found. Nonetheless, annual house price growth remains within the fairly narrow range of c2-3% which has prevailed over the past 12.
Revealing the latest snapshot for homeowners, the Office for National Statistics said annual house price growth fell to 3% in May from 3.5% a month earlier. of £129,000. Sign up to the daily.
NI house prices increased by 5.5%.. Over the year apartments showed the strongest price growth, up 6.5% to a standardised price of 111,296. Nisra, the official statistics agency, said the.
The average house price is now 236,619, up from a decade ago when it was 154,663, the low point following the 2008 financial crash. Since then there has been an increase of 81,956, which reflects a 4.3% average annual increase.
The UK housing market has slowed since the Brexit vote in June 2016, when the annual house price growth measured by Nationwide was 5.1%. Photograph: Ben birchall/pa annual house price growth almost.
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Average house prices in the UK have increased by 6.2% in the year to January 2017 (up from 5.7% in the year to December 2016), continuing the strong growth seen since the end of 2013. However, this still remains below the average annual house price growth seen in 2016 of 7.4%.
Sales of new homes picked up in March at 4.5% rate, up 30,000 units from February. It’s suggested sales are recovering from the recent economic lull caused by the trade transition and higher interest rates.
Annual house price growth in the first quarter of 2019 stood at just 0.4%, according to the latest house price index figures from Nationwide – way below the annual growth rate of 2.5% seen at the same.
Prices grew by 5 per cent in the three months to April compared with a year ago. It was the strongest growth since February 2017 and nearly double the 2.6 per cent rise in the three months to March.
Prices in Wales climbed 4%, in Scotland they were up 0.9% and in England they rose 0.7%. December’s growth rate, based on its own mortgage data, was a marked slowdown from the annual pace of 1.9%.
Good news for homeowners: house prices are 5% higher than they were a year ago, according to the Halifax House Price Index, bringing the national average up to 236,619.
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