New figures show August bounce

New figures have given fresh cause for optimism in the wake of the historic Brexit vote as we head into September.
There was a pick-up in house price growth over August, according to Nationwide. And confidence among UK consumers also improved during the month, another survey has suggested.
The findings follow encouraging economic data, a fall in unemployment, statistics showing gains for manufacturing and the Bank of England’s recent interest rate cut.
A YouGov survey last week showed that consumer confidence recorded its highest monthly bounce in August since February 2013, while official data found retail sales increased by 1.4% in July from the previous month.
According to the Nationwide, property prices rose by 0.6% compared with July, making the average cost of a UK home £206,145.
Prices in August were 5.6% higher than a year earlier, compared with 5.2% in July. You can read more on the BBC website here: http://www.bbc.co.uk/news/business-37228736
Market research firm GfK said its consumer confidence gauge had recovered to -7 in August, up from -12 in July.
GfK’s survey also indicated a sharp drop in people’s propensity to save in August.
According to GfK’s Joe Staton, there had been ‘some recovery’ in consumer confidence in August compared with July.
He added: “We’re reporting some recovery in the index this month as consumers settle into the new wait-and-see reality of a post-Brexit, pre-exit UK.”
You can read more on the BBC website here: http://www.bbc.co.uk/news/business-37221475
There’s also an excellent story on the Daily Telegraph website at http://www.telegraph.co.uk/business/2016/08/27/uk-economy-stays-resilient-despite-shock-of-eu-exit/
This reflects our own experience in August when we’ve had an extremely busy month with demand continuing to grow.
Don’t forget to contact us if you are househunting, need a survey or considering some home improvements.
Our friendly and expert team can deliver a comprehensive range of land, building and property surveys of all kinds as well as architectural design, and structural, mechanical and electrical engineering.
Don’t hesitate to contact us on 02392 697193 and [email protected]. You can also follow us on Facebook and connect on LinkedIn under our name as well as follow us on Twitter under @McAndrewMartin.

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