Sentences with phrase «said house price inflation»

The Office for National Statistics said house price inflation in April — at 2 % in a single month — was the highest for almost four years.

Not exact matches

Mr Cable said: «Its actions to control inflation are based on a measurement which, because it doesn't include house prices, bears little resemblance to actual inflation.

He says that in these areas the combined grade inflation of more than one school can increase house prices by three per cent, or # 7,000.

3) How do you adjust the price or value of an item to compensate inflation; eg: Say I have a house I paid 1 million dollars 3 years ago (ignore depreciation and other factors that can affect the asset's value), if inflation was: Y1 = 10 %, Y2 = 11 % and Y3 = 12 %, what would the value of the house be?

«A lot of the price inflation that you're reading about in the Canadian housing market is largely driven by lack of supply in single - family homes, strong household formation, strong immigration numbers — so demand is still there,» Mr. McKay said.

In a 2013 report, the Housing Industry Association notes that in 1986 and 1987, mortgage interest rates were over 15 per cent, and says «there is a very strong linkage between interest rates and rental price inflation, with the two variables generally moving in tandem».

That strategy was always at risk in the short term because of temporary falls in house prices, but long - term inflation running at say 5 % per year would cancel out even a 20 % fall in house prices in 4 years.

«With lean for - sale inventories and low rental vacancy rates, many markets have seen housing prices outpace inflation,» Nothaft says.

Geffen says even mild national economic growth, which the Reserve Bank's Monetary Policy Committee currently predicts will be 0 % in 2016, would create more stability in the residential property market beyond the borders of the Western Cape and further drive house price inflation.

«Further gains in personal income and employment may increase the demand for housing and add to price pressures when home prices are already rising about twice as fast as inflation,» he said.