UK house prices are starting to rise again

Five charts to start your day

As the crisp autumn air settles over the United Kingdom, the nation's property market is experience a small rebound. After months of uncertainty and stagnation, fuelled by economic turbulence and rising interest rates, Britain's housing sector is showing signs of life.

Two main concerns affect the market currently: uncertainty among wealthy buyers ahead of the 30 October UK budget and landlords selling properties due to refinancing costs and potential tax changes. The future direction of prices largely depends on interest rates, with some five-year fixed mortgages now available below 4 percent.

Last week, Bloomberg produced a great series of charts that tell this story well. I’ve chosen this one, but click the link to go to the main article, which includes two more excellent charts.

Source: Bloomberg

Coming up:

• London’s cocoa market blighted by poisoned pill

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• Chinese share of gold as a percentage of its total reserves

• Record Indian imports help drive gold rally

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