UK house prices still rising

As highlighted recently by the Royal Institution of Chartered Surveyors (RICS), UK house prices are in somewhat of a slump, caused primarily by a five-year low in demand. Indeed, according to HM Land Registry, on a monthly basis house prices have been falling in the country since last September. Houses aren’t generally bought and sold like Bitcoins or shares in Facebook, though. Property is a long game and when looking at the price changes on an annual basis, the figures paint a rather different picture. Year-over-year, UK house prices have actually experienced an extended period of increase - you have to go back to April 2012 to find the last fall. The most recently released figures reveal an annual rise of 4.4 percent.

This chart was also featured on iNews.co.uk.