UK house price rises slow to four-year low, says Halifax - The Guardian

UK house price rises slow to four-year low, says Halifax – The Guardian

Currently in the united kingdom, researchers are starting to see a slow down in the housing prices, to a new four year low that was recently discovered. The only things that are really keeping these prices even somewhat raised is the low interest rates in conjunction with the lack of new homes that are going up for sale. Although many might think unemployment plays a big role in this, the research shows that unemployment is at a low. It has more to do with the profits not matching the rise in productivity in workers.

Key Takeaways:

The fact that UK home ticket values are faltering is tied to desultory wages for potential home owners and low mortgage rates.
Annual home value rates reached their zenith in March, when it got to 10%.
Unfortunately, even though unemployment has gone down to 4.5%, the best numbers since 1975, this has yet to translate into better take home pay.

“Annual house price growth has slowed to the lowest rate in four years, according to Britain’s biggest mortgage lender.”