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Saturday, 5 August 2017

UK house price growth stable

Stock levels "low"

Annual UK house price growth was broadly stable at +2.9 per cent according to Nationwide. 

The average UK house price increased by +0.3 per cent in the month of July to £211,671.

Although price growth has steadied, Nationwide reported that stock on agents' books was close to 30 year lows. 

The Nationwide index hit its nadir of £147,746 in February 2009.

Since that time the average house price on this index has increased by £63,935 or +43 per cent.