Open Demo Account
Home / Market Update / UK Housing Prices Reach New Record High

UK Housing Prices Reach New Record High

M. Ali 7 September, 2020 10:58 pm Market Update

House prices in the United Kingdom recorded a huge rise last month, reaching a new record level, according to data by IHS Markit.

The Halifax House Price Index increased by 5.2% in August on an annual basis.

This is the largest rise for the house-pricing index since late 2016.

The price of the average house in the UK reached GBP 245,747 ($324,241), exceeding GBP 245,000 for the first time ever.

Tags

Check Also

Oil Prices Slip Amid U.S. Credit Downgrade and China Growth Concerns

Oil prices fell slightly on Monday, pressured by Moody’s downgrade of the U.S. sovereign credit …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends