House prices continue to rise "slowly" - Nationwide

Professional Adviser
clock

House prices continued to grow at a steady pace in July, with the cost of property rising 1%, accord...

House prices continued to grow at a steady pace in July, with the cost of property rising 1%, according to Nationwide's latest monthly survey. Its figures show that an average house now costs £128,251 – an increase of about £11,000 since the beginning of the year. However, annual house price inflation dropped for the fourth month in a row to 17.9% from 19.2% in June, reflecting a slowdown in house price growth. The survey also shows that the number of first-time buyers is at its lowest level for more than 20 years - down 31% since the same time last year. This co...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •