Dear visitor,
You are viewing 1 of your 1 free articles
We’ve invested in our content to provide more news, analysis, features, interviews and opinions across a wide range of Credit and Financial Services. Register now to access more of the trustworthy, insightful information that’s on offer.
Register now or Login
House prices hit “all-time high”
House prices continued to recover from a recent dip and reached an all-time high in August, according to the Nationwide House Price Index.
Annual house price growth picked up to 3.7% in August, and prices are up two percent month-on-month, the index shows.
The increase last month was the highest since February 2004, when house prices rose by 2.7%.
Robert Gardner, Nationwide’s chief economist, said: “House prices have now reversed the losses recorded in May and June and are at an all-time high.
“The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions. Moreover, social distancing does not appear to be having as much of a chilling effect as we might have feared, at least at this point.
“These trends look set to continue in the near term, further boosted by the recently announced stamp duty holiday, which will serve to bring some activity forward.”
GET THE LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX
READ NEXT
FCA pushes for tailored support in new consumer credit guidance
FCA announces review of unsecured credit regulation
FCA confirms next stage of support for mortgage borrowers
Upcoming events
Virtual event
ENJOY READING?
Member of
