ao link
0 £0.00
This item was added to your basket
Credit Strategy homepage
LinkedIn
Twitter
Intelligence, Insight and community for responsible professionals in credit

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.”

Please login to continue reading this article.

Not a member?

Become a member

FREE registration. No credit card required

Register now
  • Stay up-to-date with industry news and appointments
  • Hear about events first
  • Read 1 free Premium article per month

Become a premium member

From as little as £3.48 per week

Become Premium
  • All the perks of a standard member plus:
  • Access to the entire Credit Strategy website
  • 12 months subscription to Credit Strategy Magazine
  • 25% discount to all conferences
  • Exclusive access to Premium Member only roundtables
  • 50% off award entry fees

GET THE LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

CMA investigating Pennon’s acquisition of Bristol Water

CMA investigating Pennon’s acquisition of Bristol Water

Government urged to boost post-Brexit SME funding

Government urged to boost post-Brexit SME funding

PSR publishes five-year strategy for improved payments market

PSR publishes five-year strategy for improved payments market

Upcoming events

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group