House Price Growth Slowest Since 2012, Say ONS
By Charles Kelly
Author of Yes, Money Can Buy You Happiness and
creator of Money Tips Podcast
creator of Money Tips Podcast
UK house prices rose at the slowest rate to July than at any
time since September 2012, up by 0.7%, official figures reveal.
time since September 2012, up by 0.7%, official figures reveal.
According to the Office for National Statistics (ONS) there
has been a general slowdown in UK property price growth in the last three
years.
has been a general slowdown in UK property price growth in the last three
years.
The overall growth rate has been dragged down by a declining
market in London and south-eastern England.
market in London and south-eastern England.
However, the latest figures show the biggest drop in prices
in the last year was in the North East of England.
in the last year was in the North East of England.
Property values in the North East region dropped by 2.9% in
the year to July and were down by 2.1% in July compared with June, data from
the ONS and Land Registry shows.
the year to July and were down by 2.1% in July compared with June, data from
the ONS and Land Registry shows.
There were also annual falls in house prices in the South
East of England (down 2%), London (down 1.4%), and the East of England (down
0.5%).
East of England (down 2%), London (down 1.4%), and the East of England (down
0.5%).
Overall in the UK, the annual rise of 0.7% was the slowest
since the 0.4% rise of September 2012. The biggest rise was in Wales, up 4.2%.
The typical property in the UK is now valued at £233,000.
since the 0.4% rise of September 2012. The biggest rise was in Wales, up 4.2%.
The typical property in the UK is now valued at £233,000.
The ONS/Land Registry data is generally considered to be the
most accurate house price estimate, although it covers a period which is
slightly earlier than other surveys.
most accurate house price estimate, although it covers a period which is
slightly earlier than other surveys.
The news comes on the back of government measures to
penalise buy-to-let
investors and anybody buying a property over £1 million, which could be a
London flat or small detached in the South East of England.
penalise buy-to-let
investors and anybody buying a property over £1 million, which could be a
London flat or small detached in the South East of England.
If you would like
to get into property but not sure how, my friends at Progressive are running several
events to give you the opportunity to look at a number of strategies so you can
decide which is best for you.
to get into property but not sure how, my friends at Progressive are running several
events to give you the opportunity to look at a number of strategies so you can
decide which is best for you.
Here are some upcoming
dates, but don’t worry if you can’t make or have missed them as there will be
more courses laid on in the new year.
dates, but don’t worry if you can’t make or have missed them as there will be
more courses laid on in the new year.
Multiple Streams
of Property Income Event
of Property Income Event
- 20-22nd September – Peterborough
- 11-13th October – Peterborough
- 25-27th October – Peterborough
An excellent 3
day event covering multiple streams of income and strategies.
day event covering multiple streams of income and strategies.
No money for
deposits?
deposits?
Why not start by finding deals and packaging them up to sell
on to others. Learn more at the deal packaging discovery day
on to others. Learn more at the deal packaging discovery day
Deal Packaging
Discovery Day
Discovery Day
- 25th September
- 30th October
A 1 day event
giving you a strategy where you can make money from property without using any
of your own money.
giving you a strategy where you can make money from property without using any
of your own money.
We also have a 1
day beginners property secrets course, which can introduce you to property
investing.
day beginners property secrets course, which can introduce you to property
investing.
Beginners
Property Secrets Day
Property Secrets Day
- 9th September
- 17th September
- 24th September
- 3rd October
- 8th October
Other events:
No Money Down
Discovery Day
Discovery Day
- 23rd September
- 10th October
Joint Venture
Finance Day
Finance Day
- 5-6th September
- 23-24th October
Serviced
Accommodation Discovery Day
Accommodation Discovery Day
- 13th September
- 26th September
- 31st October
House of Multiple
Occupancy Discovery Day
Occupancy Discovery Day
- 11th September
I have a limited
number of complimentary tickets for these events. If you are interested, message
me on Facebook or email me at charles@charleskelly.net
number of complimentary tickets for these events. If you are interested, message
me on Facebook or email me at charles@charleskelly.net
The Bank of England kept base rates at .75% today, as the US
Federal Reserve and ECB cut rates this week.
Federal Reserve and ECB cut rates this week.
Word of the Day
ONS
ONS is the Office for
National Statistics. ONS is the official body with responsibilities are
collecting, analysing and disseminating statistics about the UK's economy,
society and population.
National Statistics. ONS is the official body with responsibilities are
collecting, analysing and disseminating statistics about the UK's economy,
society and population.
There are more examples and practical steps to getting rich
and being happy in my book, Yes, money can
buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F
System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
and being happy in my book, Yes, money can
buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F
System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
No comments:
Post a Comment