{"id":105956,"date":"2024-08-01T06:53:06","date_gmt":"2024-08-01T06:53:06","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/01\/house-price-growth-picks-up-in-july-as-wages-rise\/"},"modified":"2024-08-01T06:53:06","modified_gmt":"2024-08-01T06:53:06","slug":"house-price-growth-picks-up-in-july-as-wages-rise","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/01\/house-price-growth-picks-up-in-july-as-wages-rise\/","title":{"rendered":"House price growth picks up in July as wages rise"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/i3.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/424d\/live\/1e349890-4fd0-11ef-b8a6-c9027db4120d.jpg?resize=1024,576&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"House price growth picks up in July as wages rise\" title=\"House price growth picks up in July as wages rise\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The annual pace of house price growth picked up in July as wages rose, according to  the Nationwide.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The mortgage lender said the growth rate rose to 2.1%, the fastest pace since December 2022.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Some people were feeling more confident about getting a mortgage as their pay packets went up, Nationwide chief economist Robert Gardner said.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">But relatively high mortgage rates and affordability issues acted as a brake for prospective buyers.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The average price of a house increased to \u00a3266,334 last month, up 2.1% from the previous year, however, prices are still below the all-time highs recorded in the summer of 2022.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Nationwide, one of the biggest mortgage lenders in the UK, bases its figures on house prices on its own lending.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The statistics do not include buyers who purchase homes with cash, or buy-to-let deals. Cash buyers account for about a third of housing sales.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/cxe2842xr62o\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The annual pace of house price growth picked up in July as wages rose, according to the Nationwide. The mortgage lender said the growth rate rose to 2.1%, the fastest pace since December 2022. Some people were feeling more confident about getting a mortgage as their pay packets went up, Nationwide chief economist Robert Gardner [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":105957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/424d\/live\/1e349890-4fd0-11ef-b8a6-c9027db4120d.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[569,79,7836,1094,1718,572,14853],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/105956"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=105956"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/105956\/revisions"}],"predecessor-version":[{"id":105958,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/105956\/revisions\/105958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/105957"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=105956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=105956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=105956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}