House prices in UK rose by 0.2% in June 2024

02 Jul 2024 CW Team

Although there was a little increase in British home prices in June compared to May, mortgage company Nationwide stated that the housing market is still being negatively impacted by rising borrowing rates. It reported that prices increased by 0.2% on a monthly basis and were 1.5% higher than in June of the previous year. The coronavirus outbreak caused a boom in the British property market, but after the Bank of England raised interest rates to their highest point since 2008 last year, the market has slowed. Nationwide's price index shows that prices have dropped by around 3% from their peak, which was reached two years ago. Robert Gardner, chief economist at Nationwide, stated that earnings growth had been much stronger than house price growth in recent years, but he noted that this had not been sufficient to counterbalance the impact of higher mortgage rates. Britain's opposition Labour Party, which was far ahead in opinion polls in the run-up to Thursday's election, had promised to relax planning rules in the hope of spurring construction, which could potentially make housing more affordable. According to Nationwide, prices in London had risen by 1.6% in the April-to-June period compared with the second quarter of 2023. A Reuters poll of housing market analysts published on May 29 indicated that property prices in Britain were expected to rise by 1.8% in 2024 as higher wages were expected to make homes more affordable.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..