House Prices Still Going UP

Jack_Johnson_the_acorn

Directly from the BBC

House prices continued to rise strongly following the Brexit vote - driven by increases in eastern and southern England, official figures show.

The annual rise in UK property prices accelerated to 8.4% in August, said the Office for National Statistics (ONS).

The fastest growth was a 13.3% rise in the East of England, followed by rises of 12.2% in the South East of England and 12.1% in London.

The figures were published as the ONS announced that the cost of living rose by 1% in the year to September. Inflation rose from 0.6% in August, which was the biggest month-on-month rise in the inflation rate in more than two years.

Property prices grew at a faster rate than general inflation in most areas of the UK.

The cost of the average UK home rose to £219,000 in August 2016 - a £17,000 rise from a year earlier.

Makes the https://forums.moneysavingexpert.com/discussion/5044745 thread look a little bit silly.... It's a shame that "Bubble and Squeak" isn't still posting. Was it April 2014 that he called the Peak? :rotfl:

cells

Most the regions have lagged so far behind that prices are still lower in real terms than they were a decade ago. I feel London will be flat for the next 5 years while outside the SE might see a bump up in nominal prices by as much as 20%