BUZ INVESTORS house price index eased House prices in the United Kingdom increased 3.3 percent year-on-year to an average of GBP 220,706 in the three months to May of 2017, below 3.8 percent in each of the previous two months but higher than market expectations of 3 percent. It is the smallest annual gain since May of 2013 and significantly below the 10 percent peak reached in March of 2016. On a monthly basis, prices rose 0.4 percent, the first gain so far this year and beating forecasts of a 0.1 percent drop. Compared with the previous three months, house prices fell 0.2 percent for the second time. House prices are expected to recover in the coming months supported by weak supply of new homes and existing properties, historically low mortgage rates and high employment rate. Housing Index in the United Kingdom averaged 356.33 Index Points from 1983 until 2017, reaching an all time high of 719.10 Index Points in December of 2016 and a record low of 96.10 Index Points in January of 1983.
|714.30||711.60||719.10||96.10||1983 – 2017||Index Points||Monthly||
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