UK House Price Inflation Lowest in Nine Years

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The UK housing market is gradually grinding to a standstill, in price terms that is. The latest report from Nationwide indicates that:

“Average property prices as measured by the mortgage lender increased marginally by 0.3 per cent between April and May. This pushed the annual inflation rate to 5.5 per cent, a level not seen since August 1996.”

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About Edward Hugh

Edward 'the bonobo' is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".

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