UK House Price Inflation Highest Since 2004: Halifax

RTTNews | 1161天前

(RTTNews) - UK house prices rose at the fastest annual pace since late 2004 in June, survey data from the Llyods Bank subsidiary Halifax showed Thursday.

The house price index climbed 13.0 percent year-over-year in June, faster than the 10.7 percent rise in May.

The latest annual price increase was the fastest since late 2004, Halifax said.

On a monthly basis, house prices grew 1.8 percent in June, following a 1.2 percent gain in the prior month.

Further, this was the twelfth successive monthly increase and the pace of growth was the strongest since early 2007.

The average house price set a new record high of GBP 294,845 versus GBP 289,666 in the previous month.

Average property values have now risen by GBP 18,849 or 6.8 percent so far this year, Halifax said.

Among regions, Northern Ireland again logged the sharpest annual increase in house prices at 15.2 percent. Prices in Wales and the South West also increased significantly.

"The supply-demand imbalance continues to be the reason house prices are rising so sharply," Russell Galley, Halifax managing director, said.

"Demand is still strong - though activity levels have slowed to be in line with pre-Covid averages - while the stock of available properties for sale remains extremely low."

Looking ahead, the housing market is set to be negatively impacted in the future as inflation and higher interest rates increase pressure on household budgets, Halifax said.

""So while it may come later than previously anticipated, a slowing of house price growth should still be expected in the months ahead," Galley added.

标签: GBP

UK House Prices Rise For Third Month: Halifax

UK house prices increased for the third straight month to hit the highest on record in August, data from the mortgage lender Halifax showed Friday. House prices grew 0.3 percent in August from a month ago. However, this was slightly weaker than the 0.4 percent increase in July. Prices increased for the third straight month and logged a faster-than- expected rise of 0.2 percent.

RTTNews | 5天前

UK Construction Sector Continues To Shrink

The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.

RTTNews | 6天前

UK Mortgage Approvals Rise To 6-Month High

UK mortgage approvals increased to the highest in six months in July but secured lending decreased to a two month low, official data showed Monday. Mortgage approvals for house purchases, an indicator of future borrowing, rose by 800 to 65,400 in July, the Bank of England said. This was the highest total since January, when approvals hit 65,775. Approvals were forecast to drop to 64,000.

RTTNews | 9天前

UK House Price Growth Softens In August

UK house prices logged a slower pace of growth in August due to stretched affordability, the Nationwide Building Society said Monday. House prices increased 2.1 percent on a yearly basis in August, slower than the 2.4 percent rise seen in July. On a monthly basis, house prices edged down 0.1 percent, in contrast to the 0.5 percent increase in the previous month.

RTTNews | 9天前

UK Inflation Hits 18-Month High

UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.

RTTNews | 21天前

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | 27天前

UK Labor Market Cools In Q2

The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.

RTTNews | 29天前

UK Job Placements Decline Sharply On Weaker Confidence & Budget Pressures

UK job placements logged a steep decline in July due to weaker confidence around the economic outlook and rising employment costs, monthly data from S&P Global showed Monday. Permanent staff appointments declined sharply in July and temp billings registered its biggest fall in five months, the KPMG/REC Report on Jobs said.

RTTNews | 30天前

EURUSD	1.17024	GBPUSD	1.35347	AUDUSD	0.66166
USDJPY	147.354	USDCAD	1.38614	USDCHF	0.79868