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

USEUROPEAFRICAASIA 中文雙語Fran?ais
World
Home / World / Europe

UK house price growth peters out, London weakest since 2009

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

UK house price growth peters out, London weakest since 2009

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.

 

Most Viewed in 24 Hours
Copyright 1995 - . 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
阜城县| 洛隆县| 蓬安县| 咸丰县| 城固县| 额尔古纳市| 育儿| 金沙县| 富源县| 定远县| 肃宁县| 苏尼特左旗| 永寿县| 西乌珠穆沁旗| 思茅市| 镇安县| 资中县| 民县| 慈溪市| 闻喜县| 荣成市| 东乌珠穆沁旗| 林口县| 和平县| 黑水县| 彰武县| 麟游县| 浮山县| 奉化市| 庆安县| 孙吴县| 樟树市| 泰来县| 庆元县| 郴州市| 佳木斯市| 尚义县| 龙泉市| 淮南市| 尚志市| 汝城县|