british house prices increase 08 in august
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

British house prices increase 0.8% in August

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleBritish house prices increase 0.8% in August

British house prices
London - XINHUA

British house prices increased 0.8 percent through August, data issued by Nationwide Building Society showed Friday.
The growth rate was higher than the 0.2 percent rise in July.
British average house prices were 189,306 pounds (314,000 U.S. dollars), recording the 16th monthly increase, said the British mortgage provider in a statement. Compared to a year earlier, house prices were 11 percent higher.
In the three months to August, however, British house prices increased by 2.3 percent over the previous quarter, less than the 2.5 percent growth that was recorded in the three months to July.
Robert Gardner, chief economist at Nationwide, commented: "The outlook for the housing market remains highly uncertain. The number of mortgage approvals fell by almost 20 percent between January and May, suggesting that activity was cooling."
"However, the brightening economic outlook is likely to provide ongoing support for housing demand. Consumer sentiment remains buoyant thanks to declining inflation and sustained increases in employment," noted Gardner.
"Moreover, the supply side of the market remains constrained, which will continue to provide underlying support for prices," he added.
Nationwide also expects that the British central bank's first increase in interest rates will take place in the first quarter of 2015.
In June, the British central bank launched new measures to cap household indebtedness caused by an overheating housing market and soaring mortgage lending.
Matthew Pointon, property economist at Capital Economics, said in a note: "Given plenty of signs that housing market demand has been cooling, this bounce back in growth is a bit of a surprise."
With signs that more homes are now coming onto the market, house price growth should ease over the remainder of the year, noted Pointon.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

british house prices increase 08 in august british house prices increase 08 in august

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 21:49 2018 Tuesday ,23 January

Trump to tell Erdogan of concern over Syria offensive

GMT 08:26 2018 Tuesday ,23 January

Five things to know about Davos

GMT 16:13 2018 Sunday ,14 January

Netanyahu urges Macron to 'fix' Iran nuclear deal

GMT 10:17 2016 Thursday ,21 January

WHO confirms second new Ebola case in Sierra Leone

GMT 13:33 2011 Wednesday ,06 July

Russia bids to expand Arctic border to seek gas

GMT 09:06 2011 Wednesday ,21 September

Powerful typhoon hits Japan

GMT 11:15 2011 Wednesday ,03 August

2 glaciers in Nepal to disappear

GMT 19:01 2017 Saturday ,19 August

Finland suspect an asylum seeker, targeted women

GMT 02:45 2017 Wednesday ,08 February

Coup defeat a matter of time, says Yemeni VP

GMT 17:38 2017 Friday ,14 July

Saad Lamjarred denied issuance of new song

GMT 16:02 2011 Thursday ,21 April

Chelsea squad not good enough

GMT 11:29 2011 Tuesday ,19 July

Etihad Towers on track for delivery

GMT 02:05 2017 Wednesday ,22 February

UAE takes keen interest in supporting higher education

GMT 07:17 2017 Saturday ,01 July

Key US inflation measure declines in May
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle