Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest property analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia...follow Pete Wargent' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Wednesday, 16 November 2016

Sky does not fall for UK housing

Record high post-Brexit

The average UK house price rose slightly to a record £217,888 in September 2016 according to the ONS, up by £16,000 from one year ago.

A moderate gain, but hardly the drop many have predicted or reported. 



The gains were driven by England, where the prices are +8.3 per cent higher than a year ago.



London's average price increased by +10.9 per cent over the year, moving £7,000 higher to a record £488,000, while prices in the South East were +9.9 per cent higher year-on-year.


London prices have increased by +122.8 per cent since 2004.

A number of super-suburbs" recorded price gains of 15-20 per cent over the year, including Croydon.