Record High for UK House Prices
News by IPINGlobal.com
House prices in the UK have now hit a record high, according to figures from the Office for National statistics. In August, the House Price Index surpassed its previous January 2008 peak by 0.3 per cent. Property values increased by 3.8 per cent during the year, up from a 3.3 per cent rise in the 12 months to July 2013.
However, perhaps slightly silencing fears of a price bubble, growth remained stable across most of Britain. Nevertheless, London prices increased faster than the UK average at 8.7 per cent and with supply continuing to be tight, it is proving hard to keep a cap on values in the city. When the capital and the south-east is removed from the equation, prices increased by 2.1 per cent in the 12 months to August 2013 across the UK. Including these two areas, England saw 4.1 per cent growth, Wales experienced a one per cent rise, while Scotland endured a 0.7 per cent fall.
Regionally, the East Midlands and the West Midlands enjoyed a strong August, with values increasing 3.8 per cent and 3.5 per cent respectively. Even the north-east and Yorkshire and the Humber, which suffered significantly during the financial crisis, posted growth of 2.2 per cent and 0.6 per cent. August also saw prices paid by first-time buyers increase by 4.9 per cent year-on-year, while owner-occupiers witnessed 3.3 per cent price gains over the same period.
The figures add validation to claims that the UK property market is undergoing a healthy recovery. According to the Council of Mortgage Lenders, Britain is indeed experiencing “broad based” growth. In fact, gross mortgage lending was also stable in August at an estimated GBP 16.6 billion. This 28 per cent higher than August 2012 when GBP 13 billion was recorded.
Bob Pannell, CML chief economist, said: “We attribute much of this turnaround to the improvement in funding markets generally, and also to the Funding for Lending Scheme. The Bank of England’s approvals data suggests that the positive tone for house purchase and remortgage lending will continue.”
Real estate and property investing news from IPIN Global
Source: http://www.ipinglobal.com/ipin-live/407107/record-high-for-uk-house-prices
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.