House Price Growth Slowest Since 2012, Say ONS

UK house prices rose at the slowest rate to July than at any 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.

The overall growth rate has been dragged down by a declining 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. 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. 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%).

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.

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.

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.

 

The Bank of England kept base rates at .75% today, as the US 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.

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.

See also:

How to earn up to 500% higher yields on your investments without high risks

3 Myths of Property Investment

Should you be buying Gold?

Can you really by property with one click?

New App launched that cancels subscriptions after free trial

 

House Price Growth Slowest Since 2012, Say ONS
UK house prices rose at the slowest rate to July than at any 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.
The overall growth rate has been dragged down by a declining 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. 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. 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%).
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 &pound;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.
The news comes on the back of government measures to penalise <a href="http://www.moneytipsdaily.com/3-myths-of-property-investment/">buy-to-let investors</a> and anybody buying a property over &pound;1 million, which could be a London flat or small detached in the South East of England.
&nbsp;
The Bank of England kept base rates at .75% today, as the US Federal Reserve and ECB cut rates this week.
&nbsp;
Word of the Day
ONS
ONS is the <a href="https://www.ons.gov.uk">Office for National Statistics</a>. 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, <a href="http://bit.ly/2MoneyBook">Yes, money can buy happiness</a>, I cover the 3 R&rsquo;s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon <a href="http://bit.ly/2MoneyBook">http://bit.ly/2MoneyBook</a>.
See also:
<a href="http://www.moneytipsdaily.com/how-to-earn-higher-yields-on-your-investments/">How to earn up to 500% higher yields on your investments without high risks</a>
<a href="http://www.moneytipsdaily.com/3-myths-of-property-investment/">3 Myths of Property Investment</a>
<a href="http://www.moneytipsdaily.com/should-you-be-buying-gold/">Should you be buying Gold?</a>
<a href="http://www.moneytipsdaily.com/can-you-really-by-property-with-one-click/">Can you really by property with one click?</a>
<a href="http://www.moneytipsdaily.com/new-app-launched-that-cancels-subscriptions-after-free-trial/">New App launched that cancels subscriptions after free trial</a>
&nbsp;

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.  Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.  Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.   For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.&nbsp; Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.&nbsp; Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. &nbsp; For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips Podcast

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. 

Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. 

Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.  

For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

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