{"componentChunkName":"component---src-templates-post-js","path":"/house-prices-hit-record-high/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5f4f59266507a80039be7b89","title":"House prices hit record high","slug":"house-prices-hit-record-high","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-1.png","excerpt":"The housing market is recovering from its coronavirus slump, recording a 2% price jump in August.","custom_excerpt":"The housing market is recovering from its coronavirus slump, recording a 2% price jump in August.","created_at_pretty":"02 September, 2020","published_at_pretty":"02 September, 2020","updated_at_pretty":"02 September, 2020","created_at":"2020-09-02T08:34:46.000+00:00","published_at":"2020-09-02T08:44:48.000+00:00","updated_at":"2020-09-02T08:46:14.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nHouse prices going up\nThe housing market seems to be recovering from its coronavirus slump, recording\na 2% price jump [https://www.bbc.co.uk/news/business-53995878] in August\naccording to Nationwide. The mortgage provider says it’s the biggest monthly\nrise since 2004. That puts the price of homes at an all-time high, with the\naverage pad now costing £224,123.\n\nJobs for under 25s\nThe government is urging businesses to sign up to the Kickstart scheme to \ncreate\n6-month work placements [https://www.bbc.co.uk/news/business-53985144] for under\n25s. Participating employers will get £1,500 to help train up new recruits, and\nthe government will pay their wages up to 25 hours per week. Around half a\nmillion people are eligible for the work placements, which should be available\nfrom November.\n\nHSBC to lend less?\nHSBC may be planning to reduce the number of mortgages\n[https://www.theguardian.com/business/2020/sep/02/hsbc-plans-to-curb-sales-of-low-deposit-mortgages] \nit gives out to first-time buyers, after the recent surge in demand has caught\nit unaware. As one of the only lenders offering 90% mortgages, the bank says\nit's flooded with applications from buyers with small deposits.\n\nHigh street slashes prices\nThere are bargains to be had in shops at the moment, as retailers push deals\nand\ndiscounts\n[https://www.cityam.com/prices-fall-as-retailers-ramp-up-discounting-to-entice-shoppers/] \nto bring buyers back to the high streets. Shop prices fell 1.6% in August - even\nmore than in July. Supermarkets are still doing well though, buoyed by families\nenjoying their summer holidays in the UK.","html":"

The 1-minute read to get the money news you need with expert adviser commentary.

House prices going up

The housing market seems to be recovering from its coronavirus slump, recording a 2% price jump in August according to Nationwide. The mortgage provider says it’s the biggest monthly rise since 2004. That puts the price of homes at an all-time high, with the average pad now costing £224,123.

Jobs for under 25s

The government is urging businesses to sign up to the Kickstart scheme to create 6-month work placements for under 25s. Participating employers will get £1,500 to help train up new recruits, and the government will pay their wages up to 25 hours per week. Around half a million people are eligible for the work placements, which should be available from November.

HSBC to lend less?

HSBC may be planning to reduce the number of mortgages it gives out to first-time buyers, after the recent surge in demand has caught it unaware. As one of the only lenders offering 90% mortgages, the bank says it's flooded with applications from buyers with small deposits.

High street slashes prices

There are bargains to be had in shops at the moment, as retailers push deals and discounts to bring buyers back to the high streets. Shop prices fell 1.6% in August - even more than in July. Supermarkets are still doing well though, buoyed by families enjoying their summer holidays in the UK.

","url":"https://multiply.ghost.io/house-prices-hit-record-high/","uuid":"3e6f4f9c-d7e0-460a-9f1c-e6cc2de1459f","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f4f59266507a80039be7b89"}},"pageContext":{"slug":"house-prices-hit-record-high"}},"staticQueryHashes":["176528973","2358152166","2561578252","2731221146","4145280475"]}