Arab Today, arab today britain\s house prices continue surging in august
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Britain\'s house prices continue surging in August

Arab Today, arab today

Arab Today, arab today Britain\'s house prices continue surging in August

London - XINHUA

Britain\'s house prices continued to rise in August, said the lender Halifax on Friday. Halifax, now part of the Lloyds Banking Group, said in its monthly house price index report, house prices in three months to August were 2.1 percent higher than in the previous three months, remaining unchanged from both June and July, and surged 5.4 percent compared with the same period of last year, the highest annual rate since June 2010. \"Economic improvement and low interest rates, supported by official schemes such as Funding for Lending and Help to Buy, appear to have boosted housing demand in recent months,\" said Martin Ellis, Halifax housing economist. He predicted the house prices would rise gradually over the remainder of the year, but warned the relatively modest economic growth and below inflation rises in earnings are likely to act as a brake on the market. The Halifax survey also found that house prices rose by 0.4 percent in August, which was the seventh consecutive monthly increase. It said housing market activity has risen as well. The number of mortgage approvals for house purchases, a leading indicator of completed house sales, increased by 4 percent between June and July, to 60,600. This is the first time that approvals have exceeded 60,000 since early 2008. The present low bank interest rate and the government measures to boost property market have stimulated house sales, making house supply fall short of supply. Halifax expected more properties would come on the market. It said that further improvements in the availability of properties for sales could help to bring demand and supply into better balance, constraining the upward pressure on prices.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain\s house prices continue surging in august Arab Today, arab today britain\s house prices continue surging in august

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain\s house prices continue surging in august Arab Today, arab today britain\s house prices continue surging in august

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday