News Flash: Prices rising, falling and staying the same!
We track most of the monthly reports on property prices produced on a monthly basis. This report summarises what’s being said about the market and includes Kate Faulkner’s comments on what this means primarily for the general public, but also for the industry, market and economy.
Hometrack – “Slowdown in house price growth in July”
Nationwide – “House prices continue to gain momentum in July”
Halifax – “House prices in the three months to July were 2.1% higher than in the previous three months”
Acadametrics – “House prices hit another record high in July”
Savills – “Back to health. Is the market showing signs of recovery?”
Land Registry – “The June data shows a monthly price change of 0.6 per cent”
Kate Faulkner comments on Report Headlines:
“The economic experts who understand property markets have now all said they don’t believe a housing bubble will ensue – showing the important of ‘who to listen to’ when it comes to property market data. In the main, yes, house prices have moved forward and we are seeing this month some of the highest prices we’ve seen for a while, but the increments are so tiny it’s almost impossible to measure them! Even Acadametrics who are the most upbeat about the market of all the surveys say prices in real terms (taking inflation into account) have fallen year on year.”
Read the full version of Kate Faulkner’s latest Property Price Summary here, including:-
- Regional Property Price Differences
- Demand for Property
- Supply of Property
What to do next? For more help, from Kate and her team, join Property Checklists for free.
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