BREXIT BOOST: House prices jump 8.5 per cent shaking off EU Referendum fears

BREXIT BOOST: House prices jump 8.5 per cent shaking off EU Referendum fears

GETTYHouse prices continue to soarValues increased by 8.4 per cent in the year to August, up from eight per cent in July, official data from the Office for National Statistics showed. The average UK house price now stands at £219,000- an increase of £17,000 from August last year. Between July and August, values surged by £3,000, according to the ONS. Prices remain highest in London at a typical £489,000. But growth is now strongest in the East of England with values surging by 13.3 per cent year on year, compared to 12.1 per cent in the capital. George Osborne and David Cameron were among the Remain campaigners who had warned house prices would fall if Britain were to vote to Leave. House prices are expected to remain strong in the coming months amid a supply shortage continues and strong demand.Paul Smith, chief executive of haart estate agents, said: “Today’s monthly house price index shows a housing market…

Be the first to comment on "BREXIT BOOST: House prices jump 8.5 per cent shaking off EU Referendum fears"

Leave a comment

Your email address will not be published.

*