Economists issue house price warning ahead of Budget [Yahoo! Finance]
TAYLOR WIMPEY UNSP/ADR (TWODY)
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Source: Yahoo! Finance
The price of an average home climbed by 0.5pc between August and September from £271,079 to £271,995, according to the Nationwide house price index. Analysts had forecast a rebound in house prices of just 0.2pc following an unexpected 0.1pc drop in August. House prices also jumped 2.2pc compared to the same month last year, up from 2.1pc in August and better than the 1.8pc climb that had been predicted. b' 0210 Average UK house price But economists warned that house price momentum was “likely to stay subdued” in the second half of the year. Elliott Jordan-Doak of Pantheon Macroeconomics said Rachel Reeves would view the housing market as an “appealing target”, as she battles to fill a potential £30bn black hole in the public finances Shop Top Mortgage Rates Personalized rates in minutes Learn More A quicker path to financial freedom Learn More Your Path to Homeownership Learn More Powered by Money.com - Yahoo may earn commission from the links above. The
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