The cost of buying a home has continued to rise at almost the same pace as other prices, up 9.7% in the past year, but that rate has been falling.
Prices in the year to August in England were up 14.3% - down from July's inflation rate of 16.8% - with the average price reaching£315,000. That figure is pulled up by London and the south-east, which have seen more subdued increases in recent years. East Lothian and the Borders have been hot spots for rising prices recently, but both saw more modest price increases in these latest figures.
His preferred indicator of market health is the number of sales multiplied by the average price, and since the financial crash of 2008, that has been much lower than it was.Looking ahead, Mr Boyle is one of the market watchers who expects to see the broader economy closing in on house price inflation and dampening it, though not necessarily by driving prices down.
But as they rise - which they were bound to do eventually, but with the recent budget bùrach in Downing Street turbo-charging them - they are making it more difficult to make that second or third step up.
Where I live, the amount of housing being built is astronomical with different building contractors everywhere. I often wonder how they're going to sell them, and their forward planning re GP and Dentists. It's crazy here 😜
The plot thickens ?
Why can’t Scotland just have a house price, I really don’t like this outbidding process its not a horserace it really puts us of our moving to Scotland
Please somebody at Number10press 10DowningStreet put an end to this!!