House price inflation rise in July
House price inflation rose to a 14-month high in July, with gains in the London area leading the rise, government figures show today.
According to The Department for Communities and Local Government, house prices rose 6.0% year-on-year in July compared with 5.3% the previous month. Annual house price inflation in London rose to 7.1 %.
This tallies with surveys from Nationwide and Halifax, both of which reported rises in property prices in recent months. However, house price inflation for first time buyers fell from 6.9% in June to 5.6% in July, indicating that affordability may be starting to take a toll.
According to The Department for Communities and Local Government, house prices rose 6.0% year-on-year in July compared with 5.3% the previous month. Annual house price inflation in London rose to 7.1 %.
This tallies with surveys from Nationwide and Halifax, both of which reported rises in property prices in recent months. However, house price inflation for first time buyers fell from 6.9% in June to 5.6% in July, indicating that affordability may be starting to take a toll.
posted by ew at
11:09 AM
0 Comments:
Post a Comment
<< Home