Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
(MNI) London
UK House price surged by an annual rate of 13.2% in June, accelerating from the 9.8% increase in May, the highest rate since November of 2004, the Office for National Statistics said Wednesday. That takes the average price of a UK home to a record-high £266,000.
Prices rose by an annual rate of 18.6% in the northwest, the fastest pace in UK, while London continued to lag, with prices rising 2.5% between May and June and 6.3% over the same period of last year.
In a recent interview with MNI, former BOE MPC member David Miles warned over the vulnerability of UK house prices at current levels (MNI INTERVIEW: UK House Prices Vulnerable - Ex MPC Miles).
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok