Housing prices fall 0.1% in August
We will begin with the prices of the United Kingdom housing, and the latest national data show a fall of 0.1% month by month.
It was a surprise in general despite the known struggles in the market, with the average price of an property in the United Kingdom now in £ 271,079.
However, year after year, there is still prices growth, although it is slowing down.
“The relatively moderate rhythm of the growth of the housing price is perhaps understandable, since the affordability remains stretched in relation to long -term norms,” said Robert Gardner, the main economist of Nationwide.
“Housing prices remain high compared to household revenues, which makes the increase in a deposit a challenge for possible buyers, especially given the intense presence of cost of living in recent years.
“Combined with the fact that the mortgage costs are more than three times the levels that prevail following the pandemic, this means that the cost of providing service to a mortgage is also a barrier for many. In fact, an average average that buys the property of the buyer for the first time with a 20% deposit faces a payment of the monthly monthly mortgage equivalent to about 35% of its payment to carry at home 30% of 30% “. “.” “.” “.” “.” “.”
Karl MatchettSeptember 1, 2025 08:11
Business and Money – September 1
Welcome to September and welcome to our blog Live Business and Money!
Today we will see the latest news from the stock market, the best bank accounts for your money and much more.
Karl MatchettSeptember 1, 2025 08:03
