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Annual inflation in the British housing was 10.5%


Annual inflation in the UK housing prices accelerated to 10.5 percent in April and this contributes greatly reduced price levels prior year when the property market in the country reached its lowest point since the beginning of the mortgage crisis at the end 2007 The value of the annual increase in house prices in Britain last was in double digits in June 2007 Despite the strong price surge levels are still 10% below their peak levels in October 2007, it is clear from the data of the mortgage lender Nationwide Building Society. It is one of the biggest players in the UK mortgage market, but compute its index of house prices is one of the most important landmarks on the condition of the property market. He traces the sales prices of homes purchased with mortgages granted by Nationwide. The flats have increased by 1% on a monthly basis in April, the average price of a typical residential property in the UK amounted to 167,802 pounds compared with 164,519 pounds in March. Within the mandate of the government of Gordon Brown (from May 2005 to April 2010) prices have risen by 6.7 per cent, which is less than inflation for the same period, amounting to 13.5 of cent. Within the last three months house in Britain rose 1.1 percent, which is less than inflation of 1.5 percent for three months before. This value is more accurate benchmark for trends in the market because it excludes the random fluctuations. Compare prices on account of its quarterly peak of 3.7 percent for the third month until the end of September 2009 UK housing market may suffer in the next month because of uncertainty about the outcome of the upcoming May 6 election. Recent polls showed that neither the ruling Labor nor the opposition Conservative Party, will be able to secure a majority in parliament. British Pound by 0.1 percent cheaper against the dollar today and at 9:55 pm local time the pair GBP / USD is quoted at a level of 1.5191 dollars per pound. The British government expects growth of economy between 1.0 percent and 1.5 percent this year and another 3.0 to 3.5% the next.

Published on 2012-05-22 10:17:22
Source: Investor.bg


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