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UK home price inflation hit a seven-year high – business live, led by Wales

Rolling coverage of the latest economic and financial news

Just a while ago:

2:17 pm BST

Bloomberg reports that De Beers has raised the price of some gemstones by about 10% this week in response to strong demand from buyers.

The diamond industry, which had been stagnant at the beginning of last year’s pandemic, has regained its vitality in the last six months. Cutting centers in India and Antwerp are replenishing supplies after being unable to purchase during the worst crisis. At the same time, demand surged during a surprisingly large holiday.

This created an opportunity for the largest producers to raise prices rapidly. De Beers has increased since the end of last year and has already returned to pre-coronavirus levels. In the first three sales in 2021, rough stone sales exceeded $ 1.6 billion, the highest since 2018.

* De Beers has raised diamond prices at this week’s sale, sources say
*#De Beers Diamond price increased by about 10%
(Bloomberg)#Anglo American pic.twitter.com/M5LadwaZwE

2:08 pm BST

The surge in UK home prices has helped push consumer confidence into a more stable territory ….

… but, of course, this is not the case if you are lowering the purchase price of the property.

This growth is once again underpinned by confidence in home prices as real estate prices rise to their highest in seven years, but labor shortages have led to significant optimism about job security over the next 12 months. It is supplemented by the increase.

“The last 30 days of business activity and the outlook for households over the next 12 months are the only indicators that have shown little change, as no indicators have declined this month. Nevertheless, the indicators are still positive. And it shows that more British people feel confident than others. “

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UK home price inflation hit a seven-year high – business live, led by Wales

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