Call our team +44 (0) 207 566 3939

BLOG

UK House prices are slowing

UK House price growth begins to slow

It has been reported that 7 out of 10 regions across the UK have recorded house price falls in June reported by the Land Registry.

In comparison house prices are still 6.4% higher when compared to the same period in June 2013. The average price of a home is currently at £172,011.

The Land Registry report does show that the largest rise was in the West Midlands in June, up 1.9% and the largest fall was in Yorkshire which feel by 1.3%.

Of course the largest rise was in London, the year on year figure was up a staggering 16.4%, the slowest yearly rise was in the North East area of England, with a slow 0.8% increase.

Many forecasters are suggesting that the UK house prices will start to slow over the summer period, house prices typically rise in Spring and then slow over the summer holiday period.

One commentator suggested that the talk of an interest rate rise was starting to affect house buyers confidence, but people are still keen to buy property.

If you found this economy blog interesting you can find more informative blog posts in our economy blog section here.

Related Category Posts

What Is the Right Business Partnership for You?

What Is the Right Business Partnership for You?

What Is the Right Business Partnership for You? When you’re starting a new company, you can either form a business partnership or try growing your business alone by becoming a sole trader.  If it’s not the latter, then it’s vital for you to understand the various...

read more
What Is Companies House?

What Is Companies House?

What Is Companies House? Your business idea has been conceived. A business address has been finalised. And now your business plan is put into practise. Throughout all these stages, the most important, and constant, body/organisation you’ll be dealing with...

read more
Is a Virtual Office Right for Your Business?

Is a Virtual Office Right for Your Business?

Is a Virtual Office Right for Your Business? In this modern digital age, is it time to ditch the idea of a traditional office structure? Many new start-ups are adopting the 'lean' method of operation where they only use the bare bones of a company structure to...

read more

Capital Office Ltd is registered in England and Wales: Registered Address: Kemp House 152 – 160 City Road London EC1V 2NX

Company Number: 06294297 | VAT No: 976201416 | ICO No: ZA084808 | Anti-money laundering registration number: XZML00000125126

© Copyright 2019 Capital Office Ltd - All Rights Reserved

Please click here to view the latest businesses using our address without authorisation.