UK House Price Inflation Accelerates In January




UK house prices increased at a faster pace in January, data from Nationwide Building Society showed Wednesday.


House prices grew 1.9 percent year-on-year in January, following a 1.4 percent rise in December. Prices were expected to gain 1.5 percent. A similar faster growth was last reported in November 2018.


On a monthly basis, house price inflation accelerated to 0.5 percent from 0.1 percent a month ago. This was also above the forecast of 0.2 percent.


Looking ahead, economic developments will remain the key driver of housing market trends and house prices, Robert Gardner, Nationwide's chief economist, said.


"Overall, we expect the economy to continue to expand at a modest pace in 2020, with house prices remaining broadly flat over the next 12 months," the economist added.




0 views
Logo

MONEY
MOVING

by WooHoo Ireland

+353-214-651-000

Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram