According to Academetrics, which is the most reliable UK house price index provider, the UK housing market stabilised in July following some recent tapering:
"Housing market transactions increase for second consecutive month, rising by 11% in July from 64,915 in June to an estimated 72,100 in July. Transaction activity has doubled since January. House prices registered first rise in five months, rising by 0.1% in July. Average prices over the last three months have remained largely stable. Annual increase slows to 8.1% owing to the stronger year on year comparisons."
Real-time, stream-of-consciousness insights on financial markets, economics, policy, housing, politics, and anything else that captures my interest. Tweet @cjoye
The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."