It’s good news if housing prices aren’t rising quickly. This means more people can buy. This means more homes will be lived in. It is also good for the economy. The only people who might not be pleased are those who invest in real estate because they won’t make quite as much money on each property, but those aren’t your typical buyer anyway. The average person will benefit by being able to get their family into a home and by investing in their future.

Key Takeaways:

• Average house prices are six times what an average worker makes.
• British Gas increased prices 12.5%, but Ofgem is reducing bills by up to £19.
• Last year housing prices were rising 10%, while this year prices are only rising by 2.1%

“House prices in the UK are rising at their slowest annual rate for four years, according to the Halifax’s index.”

Read more: https://www.theguardian.com/business/2017/aug/07/house-price-slowdown-estate-agents-rises-uk-wages