UK house prices grow at fastest rate for two years despite uncertainty – CityAM

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Sport and Business Reporter at City AM. Email: [email protected] UK house prices grew at their fastest rate for two years in May with an increase of 5.2 per cent year on year, according.

Statistics from Hometrack and property listing site Zoopla show that 16 cities across the UK have seen prices grow. years. “With unemployment at a record low and mortgage rates still averaging 2%,

Note 3: Bank of England base rates Note 4: UK Consumer Prices Index (CPI) The UK economy is also performing reasonably well, almost 350,000 jobs created in the last year and real incomes on the rise. The fiscal position is also positive with tax revenues increasing strongly and a deficit for the year likely to be 1.2% of GDP (compared to 10% at its peak). This all suggests an economy in reasonably good.

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Billy Ehrenberg is a Data Journalist and Content Developer at City A.M. He can be contacted at [email protected] He is particularly passionate about data visualisation and telling stories.

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House sellers across the UK get about £10,000. their original listing price cut. The difference between final listed asking prices and agreed sale figures has increased from 2.8 per cent to 3.3 per.

London slumps as house prices rise in the East Midlands and Yorkshire. Click to follow. The Independent Online. London’s most expensive borough, Kensington and Chelsea, saw a drop of more than 10 per cent. UK house prices grew at the slowest annual pace in more than five years this month as a slump in London weighed on the market.

2018 has been a great year for the US economy with output likely expanding at the fastest rate for 13 years and the unemployment rate falling to a 49 year low. There is broad-based momentum with huge tax cuts providing additional thrust over recent quarters.

Fleet Mortgages introduces new 5-year fixed rate deals Buy-to-let and specialist lender, Fleet Mortgages has announced the launch of a new two-year, fixed-rate product within its standard range. According to the lender, the new product is already live and is offered at an initial rate of 2.79% for the two-year term – up until the 31st March 2020 – with a revert rate of 5.28% (currently LIBOR plus 4.75%).

Brexit uncertainty has weighed on house prices in 2019. there are signs it is slowing. Read more: UK retail sales see.