Home price growth has been lower than inflation for six consecutive months suggest data from Home.co.uk
The Asking Price Index July 2017 released today by Home.co.uk headlines ‘House Price Growth Falls Further Behind Inflation’.
The UK property market has clearly entered a period of stagflation. Our data suggests that home price growth has been lower than inflation for six consecutive months.
Leading item in headlines reads: Home prices nudge up by 0.2% month-on-month and 3.3% year-on-year but fall by around 1.2% in real terms.
Doug Shephard Director at Home.co.uk says: “When property prices are rising more slowly than inflation, bricks and mortar becomes a much less attractive proposition for investors.
“Even with the promise of rental yield, investors in most parts of Greater London will be lucky not to be losing money in the current environment. How times have changed”. more…
Read the Home.co.uk asking Price Index July 2017 in full click here.