August's Market Snapshot
By Alex at Aboda, Aug 12 2019 12:00PM
Property prices remained virtually static in May, the average price of a property £229,431, up just 0.1% on
April. Year-on-year prices have risen by 1.2%
In the economy, wages rose 3.6% in the three months to May, the highest rate of growth since 2008 according to new figures released by the Office for National Statistics. Wage growth continues to outstrip inflation, inflation in May 2.0%, down from 2.1% in April.
In June, the HMRC report that the number of properties sold was 16.5% lower than a year earlier.
Despite this fall, in the first half of 2019, sales levels were just 3.6% below the first half of 2018.
If you would like to know more about what is happening in the property market for our local area - please feel free to give me a call! I'm always happy to help!
Alex Doggett - Owner - ABODA Fine Homes