Slowdown in house price growth
August 27, 2015
House price growth in Britain slowed in August, according to the mortgage lender Nationwide, this is confirmed in the results from their monthly survey released today.
The price of a home increased at a 0.3% month-on-month pace in August, this was below what economists were expecting at a 0.4%. The year-on-year pace of inflation was down to a 3.2% versus the 3.5% seen in July, economists expected 3.1% year-on-year.
The average price of a home in the UK slipped to a non-seasonally adjusted value of £195,279 in August, down from £195,621 in July.
Nationwide chief economist Robert Gardner reportedly said, “the drop in the year-on-year rate of change in home prices might be proof that house price inflation was stabilising close to the historical 4% rate of growth in earnings.”
You May Also Enjoy
Top 10 UK Companies for Real Estate Apprenticeships in 2025 & How to Apply
Looking for the best Real Estate Apprenticeships in the UK for 2025? This article explores the top 10 agencies offering career growth and industry-recognised qualifications. Discover these best companies and find out how to apply to kickstart your real estate career. What if you could learn real estate by doing, not just studying? Picture yourself…
Read More 
UK house price growth slows to 1.8 per cent as spring surge in homes for sale reinforces buyers market
Homes for sale are up 11 per cent year-on-year, with further increases expected as nearly 30 per cent of listings typically launch between March and May Sales agreed have risen five per cent year-on-year, with buyer demand still rising, up 10 per cent, despite static mortgage rates and higher stamp duty from April Price growth…
Read More 
£2 billion new investment to support biggest boost in social and affordable housebuilding in a generation.
The government has announced a £20 million investment to support the delivery of community-led housing. An extra £2 billion injection of new grant funding to build up to 18,000 new social and affordable homes has also been confirmed today, helping to deliver the biggest boost to social and affordable housing in a generation while making…
Read More 
Building Safety Levy is an Anti-Growth Policy
The Government has released its response to the Building Safety Levy (BSL) consultation, confirming the taxation levels it seeks to impose across the development industry. Richard Beresford, Chief Executive of the National Federation of Builders, said: “The Building Safety Levy is anti-growth, anti-SME policy, which will weaken the housebuilding industry and put the Government’s 1.5…
Read More 
The Remediation of Dangerous Cladding report
The Public Accounts Committee has released its report; The Remediation of Dangerous Cladding identifying a range of barriers to successful remediation and presenting recommendations to the UK Government. The scale and impact of the cladding crisis that followed the Grenfell Tower disaster has proved much greater than anyone understood when this Committee first reported on…
Read More 
Housing affordability in England and Wales: 2024
In 2024, the median average home in England, at £290,000, cost 7.7 times the median average earnings of a full-time employee (£37,600); in Wales the average home (£201,000) was 5.9 times annual earnings (£34,300). Affordability in England and Wales in 2024 has returned to its pre-coronavirus (COVID-19) pandemic levels after a sharp increase between 2020…
Read More