PostHeaderIcon House Price Inflation

It’s been reported this week that the inflation on house price’s is back in double figures according to government figures.
The Department for Communities and Local Government (DCLG) has generally reported that prices in the month of April were 10.1% higher than they were at the same time last year.
This is apparently the biggest turn in inflation since October 2007 when house prices were on a downward trend.
Annual house price growth was 10.9% in England, 2.2% in Scotland and 11.3% in Wales.
However, on average house prices in Northern Ireland fell by 8.9%.
Whilst this is the trend in prices mortgage lending has been very modest in the past year.

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