Increase In House Prices

The Nationwide House Price index found that UK house prices increased by 0.8% in July and were 3.9% higher than July 2012, and the typical UK home is now worth £170,825. This represents the strongest rate of annual price growth since August 2010.

“Signs of a modest improvement in wider economic conditions and further modest gains in employment are likely to be lifting buyer sentiment,” responded Nationwide’s chief economist Robert Gardner in a press release.”An improvement in the availability and a reduction in the cost of credit, partly as a result of policy measures such as the Funding for Lending and Help to Buy schemes, are also boosting the demand for homes,” he added.

Categories: Uncategorised

Increase In House Prices

The Nationwide House Price index found that UK house prices increased by 0.8% in July and were 3.9% higher than July 2012, and the typical UK home is now worth £170,825. This represents the strongest rate of annual price growth since August 2010.

“Signs of a modest improvement in wider economic conditions and further modest gains in employment are likely to be lifting buyer sentiment,” responded Nationwide’s chief economist Robert Gardner in a press release.”An improvement in the availability and a reduction in the cost of credit, partly as a result of policy measures such as the Funding for Lending and Help to Buy schemes, are also boosting the demand for homes,” he added.

Categories: Uncategorised
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