The house prices in UK grows slower than expected due to the mortgage approvals dip in the previous month. However, the number is still higher compared to the one in 2014. With some factors related to wages raise and unchanged interest rates, there is likely an increase in the housing demand shortly.
house prices
Breaking News
The house prices peaked in 2006, and then it fell about 30 percent until it hit bottom in 2011. After that house prices have been increasing steadily and it is almost close to its pre-recession peak levels. However, the San Francisco Federal Reserve claims this is not another bubble.
Data published by the Council for Mortgage Lenders and the British Bankers' Association indicate a housing boom in London as compared to average house prices in all of Britain, according to The Financial Times.
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