UK annual house price growth picks up in June


  • Business Premium
  • Thursday, 30 Jun 2016

LONDON: Annual growth in British house prices picked up to a three-month high in June in the run-up to the Brexit vote, which has unclear implications for the housing market, mortgage lender Nationwide said.

Nationwide said house prices rose 0.2% in June - unchanged from the rate in April and May - and that annual growth picked up to 5.1% from 4.7%, beating economists’ expectations of a 4.9% rise. Nationwide economist Robert Gardner said it was too early to judge the impact of Britain’s vote to leave the European Union on the housing market, but a lack of homes for sale and high employment rates were likely to keep upward pressure on prices.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , britain

   

Next In Business News

Bitcoin extends downtrend, falls 12.1% to US$47,176 Premium
Perodua targets to deliver 30,000 units in December Premium
CPO futures likely to trade higher next week Premium
Georgieva says examining all IMF research processes to ensure integrity Premium
Oil steadies, paring gains as rising COVID cases spur demand worries Premium
Omicron-fuelled volatility deals hedge funds worst monthly return since March 2020 Premium
US-listed Chinese shares take a hit as Didi to exit NYSE Premium
Didi shares plunge more than 20% on plan to delist from NYSE Premium
Wall St ends lower on Omicron worries, Fed taper angst Premium
Micro impact of new variant? Premium

Others Also Read


Vouchers