UK house prices grow at fastest rate for two years despite uncertainty – CityAM
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UK house prices unexpectedly surged 5.2 per cent in the year to May, according to the Halifax.The annual increase is the fastest recorded since January 2017 and comes after a 5 per cent rise in April, the building society said.Growth was boosted by a comparison with a particularly weak month in May 2018
UK house prices are going up, despite Brexit uncertainty and possible interest rate rises homeowners across the UK have had an average of 7,500 added to the value of their property over the past year, and experts expect house prices to continue to rise in the country’s more affordable areas.
In terms of the current month, 2017 finishes up with an annual rate of +1.2%, with December seeing a seasonal price fall of 2.6% in the price of property coming to market. The average fall at this typically quieter time of year has been 2.1% over the last seven years, and this slightly greater dip is in fact the largest monthly fall for five years.
Uncertainty is a wider concept, encompassing risks and opportunities as well as distinguishing between degrees of uncertainty. These dimensions are elaborated in Table 1.Across the rows of the table there is a dichotomy distinguishing between possible unpleasant outcomes (risks‘) and possibilities of business success (opportunities’).
Read more: UK house price growth falls to four-month low in June, says Nationwide That compares to May’s £237,837, when Halifax recorded an annual growth rate of 5.2 per cent – the best in. 1.5 per.
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Billy Ehrenberg is a Data Journalist and Content Developer at City A.M. He can be contacted at firstname.lastname@example.org. prime country house prices rose by 1.1 per cent in the last quarter and by.
Billy Ehrenberg is a Data Journalist and Content Developer at City A.M. He can be contacted at email@example.com. economy shrank at an annualised rate of 6.8 per cent in the second quarter.
Around four in five property owners remain optimistic about house price growth in the next six months, although the picture varies across different regions.
(1) UK housebuilder stocks have historically been about 3x geared into house price growth (6 months forward), and, as pure developers reliant on sales market liquidity, have suffered with other UK.