综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語(yǔ)Fran?ais
EU-UK

UK house price growth peters out, London weakest since 2009

Agencies | Updated: 2017-11-09 18:16
Share
Share - WeChat

New residential homes are seen at a housing estate in Aylesbury, Britain, February 7, 2017. [Photo/Agencies]

LONDON - House prices in Britain are no longer rising and are falling in London at their fastest pace since 2009, the Royal Institution of Chartered Surveyors said on Thursday, citing political worries and last week's Bank of England interest rate hike.

RICS’s benchmark house price index for Britain as a whole fell more sharply than expected to +1 in October, a level consistent with flat price growth, down from +6 in September.

Economists taking part in a Reuters poll had expected a gentler fall to +4.

Britain's housing market has cooled since last year's Brexit vote which caused a slowdown in the broader economy.

Other measures of house prices have shown a slight pickup in recent months.

But RICS painted a gloomier picture, saying most regions were starting to see a drop in sales, following the trend in London.

The fall in sales mirrored a recent slide in demand from buyers and suggested sales would fall over the next 12 months.

RICS' gauge of price expectations for the next three months fell in October to -11 from -8. With the exception of a sharp dip in June 2016 - the month of the Brexit vote - this was the weakest reading since mid-2012.

RICS chief economist Simon Rubinsohn said a lack of homes on the market, political uncertainty as Britain tries to negotiate its exit from the European Union and last week’s first interest rate hike by the Bank of England since 2007 were all taking their toll on the housing market.

First-time buyers were increasingly focusing on new-build homes which are supported by government incentives, he said.

"A stagnant second-hand market is bad news for the wider economy, not just in terms of spending but also because it restricts mobility," Rubinsohn said.

While London and the southeast of England were seeing house price falls, prices were still rising in North West England, Wales, Scotland and Northern Ireland, RICS said.

The high price of property means many people in Britain are unable to afford a home of their own, putting pressure on the finance minister Philip Hammond to encourage more homebuilding when he announces a budget plan on Nov 22.

RICS called on Hammond to lift a cap on borrowing by councils to fund homebuilding.

 

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
海安县| 浦江县| 灵石县| 德昌县| 新河县| 长武县| 茶陵县| 泾源县| 宿迁市| 延长县| 普洱| 华宁县| 金平| 龙门县| 公主岭市| 呼伦贝尔市| 韶关市| 黄浦区| 吴川市| 成安县| 虞城县| 潞西市| 射阳县| 蓬安县| 定安县| 博湖县| 鄂尔多斯市| 大城县| 呼伦贝尔市| 江津市| 玉山县| 龙泉市| 安阳市| 连山| 凤山县| 安乡县| 大兴区| 辉南县| 侯马市| 台北市| 曲靖市|