Acadata has released its latest house price results for the UK, which shows that annual price growth climbed back into the black driven by a rebound in London:
In the year to May, UK house prices climbed by 0.3% (up from -0.1% in April), driven by Greater London where value losses fell to -0.2% from -2.1% in April.
The below chart shows that London house prices have posted a 1.9% rebound since bottoming in August 2018:
Meanwhile, transaction volumes are rising modestly nationally, but are down in London:
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Latest posts by Unconventional Economist (see all)
- Fake housing affordability inquiry shifts blame to states - November 29, 2021
- Coalition marginal seats dine on grant pork - November 29, 2021
- The ‘cult of consultants’ is undermining Australia’s public service - November 29, 2021
YOU MAY ALSO BE INTERESTED IN
RBNZ: Property market cruising for a bruising
The Reserve Bank of New Zealand (RBNZ) believes
Blame the demand-side for soaring property values
The housing industry and policy makers tend to
Ireland shows how to successfully wean off property
I am currently pulling property-related data for
Global house prices rise at fastest pace since 2007
The world's housing markets are growing at their