Slowdown in house price increase
A survey for the Nationwide Building Society states that the annual increase in house prices has eased to a five-month low. House prices in August rose by 0.5%, an improvement on the 0.1% in July. The annual rate of increase is now 9.6%, easing back from July’s 9.9%.
The big question is: have interest rates risen enough to curb the inflationary pressures on house prices? As usual, the opinions of ‘experts’ varies, but the consensus is that rate rises have peaked for the moment. The current average house price is £183, 898.
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