Rolling coverage of the latest economic and financial news, as UK house prices rise at the fastest rate since 2004
7.10am BST
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
UK house prices have accelerated to a fresh record high, as the property market rebounds after the Covid-19 lockdown.
New figures just released by Nationwide show that the cost of the average house surged by 2% in August alone, up to £224,123 from £220,935 in July.
UK August Nationwide House Prices Report – Nationwidehttps://t.co/1e83wu9hsK pic.twitter.com/DRoxpIoBgY
“UK house prices rose by 2.0% in August, after taking account of seasonal effects, following a 1.8% rise in July. This is the highest monthly rise since February 2004 (2.7%). As a result, annual house price growth accelerated to 3.7%, from 1.5% last month.
“House prices have now reversed the losses recorded in May and June and are at a new all-time high.
Related: UK mortgage demand nears pre-Covid level amid stamp duty cut
Not only is Apple @Apple worth more than the FTSE 100, but Zoom is worth more than IBM. @BBCr4today #R4Today
Continue reading…Rolling coverage of the latest economic and financial news, as UK house prices rise at the fastest rate since 2004 7.10am BSTGood morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK house prices have accelerated to a fresh record high, as the property market rebounds after the Covid-19 lockdown.New figures just released by Nationwide show that the cost of the average house surged by 2% in August alone, up to £224,123 from £220,935 in July.UK August Nationwide House Prices Report – Nationwidehttps://t.co/1e83wu9hsK pic.twitter.com/DRoxpIoBgY“UK house prices rose by 2.0% in August, after taking account of seasonal effects, following a 1.8% rise in July. This is the highest monthly rise since February 2004 (2.7%). As a result, annual house price growth accelerated to 3.7%, from 1.5% last month.“House prices have now reversed the losses recorded in May and June and are at a new all-time high. Related: UK mortgage demand nears pre-Covid level amid stamp duty cut Not only is Apple @Apple worth more than the FTSE 100, but Zoom is worth more than IBM. @BBCr4today #R4Today Continue reading…
