UK House Price Growth Weakest in More Than Four Years

British house prices rose at their slowest pace in more than four years in the three months to July as households felt the pinch of inflation which is rising faster than wages, mortgage lender Halifax said on Monday.

Average house prices in the period were 2.1 percent higher than a year earlier, slowing from a 2.6 percent increase in June’s figures and down from growth of more than 8 percent in July last year, Halifax said.

Economists in a Reuters poll had expected a 2.0 percent rise.

Reuters

Gold Slides as Nonfarm Payrolls Beats Forecast

US Jobs Report Fails to Deliver Knockout Blow

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.