National home value growth slips below 5%

Nationwide residential property values for August have increased by 4.8% over the past year –the slowest annual rate since August 2012, according to the latest QV House Price Index.

Over the past three months, values rose by 1.2% and the nationwide average value was at $641,648, up by 54.9% from the previous market peak of late 2007.

When adjusted for inflation the nationwide annual increase was down to 3.0% and values were up 29.3% from the 2007 peak.

Nationwide residential property values for August have increased by 4.8% over the past year –the slowest annual rate since August 2012, according to the latest QV House Price Index.

Over the past three months, values rose by 1.2% and the nationwide average value was at $641,648, up by 54.9% from the previous market peak of late 2007.

When adjusted for inflation the nationwide annual increase was down to 3.0% and values were up 29.3% from the 2007 peak.

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