Inflation On House Prices Hits 3 Year Low
The inflation on prices of houses has stopped increasing and are now at their lowest rate since 2013. With the inflation falling it is making housing more available and affordable for a large amount of people. The inflation on housing has almost halved since its highest point this year in march.
Also growth of house prices is expected to ease further going in to the new year. This is mainly down to very low mortgage rates making it cheaper to purchase a house which support pricing levels.
Nationwide announced it survey showed inflation is easing to 4.6% a year. Halifax show monthly house price increases of 1.4% in just October. However monthly measures are not always accurate.