This entry was posted on Thursday, May 17th, 2007 at 4:17 am and is filed under Property news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
UK Property Market
independent property advice
Annual Home Price Inflation Down in April
With a rise of only 1.1 percent, April took the annual property price inflation down to 10.9 percent, a significant fall from the 11.1 percent of the previous month. One of the reasons for this is the moderation registered by the market in the past month, as the conditions for buying a home have slightly loosened up. Another factor is the constant increase in interest rates since August 2006, which put additional pressure on buyers’ finances and consequently led to a decline in price inflation. At the same time, people’s earnings did not match the inflation, which also contributed to the current easing in home prices.
However, while the demand remains high, the supply is still tight, which translates into house prices gradually going further up.
This post was written by Edward Fernley. Edward is also one of the main writers on Pet Haven and has started to become a authority concerning omnilux treatment.
- 99.6% Drop in Asking Prices Growth in May
- Home prices went up by 1.1% in June
- London rents hit record levels in June
- Home prices rise by 0.4% in June
- Home Prices Up in April