British house prices ascend, although missing forecasts

British house prices ascend, although missing forecasts

In November, British house prices tacked on marginally, a bit below hopes and proceeding with the recent trend of small revenues.

In November, prices gained by a monthly 0.1%, as Nationwide Building Society's data disclosed, versus October's 0.2% surge as well as a forecast predicting a 0.2% leap. Versus November 2016, house prices inched up by 2.5%, which is the same as October's annual rate of surge.

The stable if moderate ascend in prices happens to be in line with the marginal hikes in annual house price surge numbers since March. Evidently, high employment as well as low mortgage rates, in addition to lack of supply in housing, backs demand, although prices are being suppressed by the squeeze on household incomes, which is keeping the rate of surge in rather a narrow range.

Additionally, the Nationwide data disclosed that the fresh Budget decision to cancel stamp duty for first time purchasers had rather a minor effect on prices because in many parts of Great Britain first time buyers were buying houses, falling under the last price threshold of GBP125,000.

Similar

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Crude holds revenues on API estimates

On Wednesday, crude held revenues in Asia because industry estimates revealed a much sharper draw in American crude inventories expected, although higher than seen gasoline stocks affected market sentiment…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera