Menu
07/03/2002
Halifax report continuing rise in house prices
House prices in the UK have risen by almost 17 per cent according to the latest survey figures released by the Halifax.
The report, published on Thursday 7 March, has shown that in February, property prices rose by more than one-sixth on the same time a year earlier – representing the fastest annual rate of growth in 12 years.
Between January and February 2002, house prices rose by around 1.5 per cent on average, meaning that the average house price now stands at just under £102,000.
The results confirm the findings of a housing market survey undertaken by the Nationwide building society, which revealed a growth rate of 14 per cent over the past twelve months, and an increase of 1.6 per cent between January and February this year.
While some regions are showing signs of a decrease in house prices - with certain areas of Scotland reporting a fall – these latest reports indicate that the expected slowdown in the housing market could be some time in coming, with Thursday's decision by the Bank of England to keep interest rates unchanged at 4 per cent helping to ensure that cheaper mortgages will continue to underpin the growth in property prices.
(CL)
The report, published on Thursday 7 March, has shown that in February, property prices rose by more than one-sixth on the same time a year earlier – representing the fastest annual rate of growth in 12 years.
Between January and February 2002, house prices rose by around 1.5 per cent on average, meaning that the average house price now stands at just under £102,000.
The results confirm the findings of a housing market survey undertaken by the Nationwide building society, which revealed a growth rate of 14 per cent over the past twelve months, and an increase of 1.6 per cent between January and February this year.
While some regions are showing signs of a decrease in house prices - with certain areas of Scotland reporting a fall – these latest reports indicate that the expected slowdown in the housing market could be some time in coming, with Thursday's decision by the Bank of England to keep interest rates unchanged at 4 per cent helping to ensure that cheaper mortgages will continue to underpin the growth in property prices.
(CL)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
15 November 2024
Electric Shock Report To Launch At NI's Premier Electrical Industry Event
A new report aimed at tackling the widespread underreporting of electric shocks within the electrical industry in Northern Ireland will be launched later this month, as part of the Electrical Training Trust's (ETT) 'Save Our Sparks' campaign.
Electric Shock Report To Launch At NI's Premier Electrical Industry Event
A new report aimed at tackling the widespread underreporting of electric shocks within the electrical industry in Northern Ireland will be launched later this month, as part of the Electrical Training Trust's (ETT) 'Save Our Sparks' campaign.
20 February 2002
NI house prices still rising
A report by the University of Ulster has revealed that house prices in Northern Ireland are still rising, but the recent boom in the property market has slowed down.
NI house prices still rising
A report by the University of Ulster has revealed that house prices in Northern Ireland are still rising, but the recent boom in the property market has slowed down.
01 October 2001
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
10 December 2001
Further falls in price of UK manufactured goods
The Office of National Statistics have produced a report which shows that the price of goods manufactured in the UK have fallen in the last month. Between October and November the UK producer prices fell by 0.4 per cent, compared with a fall of 0.2 per cent between September and October.
Further falls in price of UK manufactured goods
The Office of National Statistics have produced a report which shows that the price of goods manufactured in the UK have fallen in the last month. Between October and November the UK producer prices fell by 0.4 per cent, compared with a fall of 0.2 per cent between September and October.
28 February 2002
UK house prices set to beat growth expectations
UK mortgage lender Nationwide has said that house prices may beat growth expectations for the year ahead. Their expectations were made after their monthly property market review said that average house prices grew by 1.6 per cent in February compared to the previous month, and by 14 per cent on the year.
UK house prices set to beat growth expectations
UK mortgage lender Nationwide has said that house prices may beat growth expectations for the year ahead. Their expectations were made after their monthly property market review said that average house prices grew by 1.6 per cent in February compared to the previous month, and by 14 per cent on the year.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
