Tuesday, March 25, 2014

Since the Second World War house price inflation has averaged 7% per year

Channel 4 News had a report that showed Chancellor George Osborne at a bingo club in Cardiff in their bulletin tonight:  http://www.channel4.com/news/

They also reported that inflation has fallen to 1.7%, much to the chagrin of the Labour Party.

Low inflation means it is less likely that interest rates will go up, which is good news.

Andrew Sparrow reports that house prices in the United Kingdom as a whole are an average of 6.8% http://www.theguardian.com/politics/blog/2014/mar/25/harriet-harman-says-labour-making-steady-progress-politics-live-blog?commentpage=1#block-53314ef4e4b038e10603ca01

This should not be of any real concern.

Since the Second World War house price inflation has averaged 7% per year (with peaks and troughs, but overall it remains a steady and consistent 7%).

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