Annual House Price in the UK Posts Better Than Expected Growth
Arslan Butt•Wednesday, May 8, 2019•1 min read
According to data released by Halifax, UK’s annual house price posted a better than expected growth during April. House prices in the three months to April grew by 5% when compared to the same period last year.
This has been the highest rate of growth since 2017 and has come in better than the previous month’s 2.6%. The figure beats expectations which were for a 4.5% annual increase.
Even as house prices around the UK continue to climb higher, they are declining in London. Unaffordable prices for buyers, changes in tax format and Brexit uncertainty have contributed to the fall in London house prices.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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