Friday, August 31, 2012

UK house prices august 2012

World Economic outlook - UK house prices august 2012 : UK house prices made a surprise leap in August, with average prices rising 1.3 per cent, the biggest monthly increase since January 2010.

The increase reverses the decline recorded in July when prices fell 0.8 per cent, according to the Nationwide House Price Index.

The three-month measure of prices show a fall of 0.5 per cent, while annual figures recorded a decline of 0.7 per cent – albeit an improvement from year-on-year falls of 2.6 per cent in July.

Experts believe the three-month figure typically shows the clearest indication of market trends as it smooths out the monthly volatility caused by the small number of monthly transactions used to calculate house price indices.

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