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Government reveals rise in average house prices

House prices rose slightly in July, according to the Department for Communities and Local Government.

Average house prices stood at 194,454, up from 191,016 in June. UK annual house price inflation was 6 per cent, up from 5.3 per cent the month before.

Annual house price inflation in London was 7.1 per cent in July, up from 5.5 per cent in June. The UK annual house price inflation rate for the 3 months to July was 5.7 per cent, and 6.6 per cent in London.

In the home countries in June, England and Scotland saw increases in inflation, while inflation fell in Wales and Northern Ireland. The inflation rate in England rose from 4.6 per cent in June to 5.5 per cent in July.

The inflation rate in Scotland rose from 8.9 per cent to 9.3 per cent. In Northern Ireland, the rate fell from 19.1 per cent to 18.3 per cent. In Wales, it fell from 8.5 per cent to 7.4 per cent.


Boutique business

Small fund firms are making a big impact in the investment world

NU keeps it simple with life cover deal

Norwich Union has set up a simplified life insurance product which it says will offer most customers cover without the need for manual underwriting.

Healthcare on the mend

It is often worth looking at equity sectors which have underperformed over the past year or two. The worst-performing sector over the past year to July 1 has been the healthcare sector, which fell by 2.4 per cent, even underperforming the technology sector, against an average rise in all sectors of around 11 per cent.

Green day

Investors are putting their money where their “green” mouths are, according to IFA Promotion. IFAP, which represents 9,000 firms across the UK, claims more investors are developing a social conscious after enquires it received for IFAs which provide ethical investment advice surging by more than 100 per cent in the past quarter.


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