17 February, 2020 | By Magnus Frejd |
Property owners is going to be very happy to observe that home rates have actually proceeded to go up during January, even though there has just been an increase that is modest.
Numbers released by Nationwide in their latest home Price Index today show that there’s been a 1.9% year-on-year upsurge in home rates during January, using the typical price now standing at Ј215,897. After using into regular factors, the numbers also showed that there is a 0.5% month-on-month increase throughout the month.
Commenting in the numbers, Robert Gardner, main economist at Nationwide, said: “January saw a further modest pick-up in annual UK house cost development to 1.9per cent, from 1.4per cent in December. This follows 12 successive months for which price that is annual was in fact below 1%.
“Indicators of UK financial activity had been fairly volatile for a lot of 2019, however the underlying speed of development slowed down through the 12 months due to weaker international growth and an intensification of Brexit doubt.