The UK property market has entered a period of
stagflation where house price growth is consistently lower than the rate of
inflation. That’s the view of property
website Home which says house price growth has been lower than inflation for
six consecutive months. Its latest data, drawn from monitoring properties
listed on the major portals, suggests that whilst the average asking price is
now 3.3 per cent more than in July 2016, the Retail Price Index is rising faster
- Home says it increased by 4.1 per cent in May and could now be approaching
4.5 per cent, making house prices fall in real terms by around 1.2 per cent.
Read more on the Estate Agent Today website.
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