UK house price growth soars to 14-month high, Nationwide reports

UK house price growth soars to 14-month high, Nationwide reports

UK house price growth soars to 14-month high

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

In this Money Tips Podcast episode:

  1. UK house prices rose at fastest annual rate – 1.9% – in January for 14 months say Nationwide
  2. Could be pent-up demand following the clear general election result and Brexit 31 Jan 20
  3. Prices up 0.5% on December, however, Nationwide, expects house prices to be flat in 2020
  4. Nationwide valued the average UK home at £215,897 which is still too high for many FTB’s
  5. Zoopla showed cities outside the south of England saw the biggest rises in prices in 2019
  6. Annual price growth was 6.1% in Edinburgh in December 2019 and Nottingham at 5.2%
  7. Bank of England monetary committee voted by 7 to 2 to keep UK base rates at 0.75%
  8. Learn about investing in property before buying anything!

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