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12/01/2004
House price inflation falls in November
House price inflation dropped by 1.1% in the October to November period compared to an increase of 1% in the same period last year, according to the government's latest House Price Index (HPI) figures.
The HPI figures published by the Office of the Deputy Prime Minister (ODPM) today revealed that UK house price inflation fell from 12.1% in October to 9.7% in November, leading to an average house price to fall from £161,567 to just over £159,480.
All four home countries saw a decline in annual inflation, although inflation in Wales, at 19.6%, and in Scotland, at 16.1%, remains higher than in England.
Annual inflation in England fell from 11.6% in October to 9.2% in November, and this decrease was reflected in all the English regions.
Average inflation in the North East, at 19.6% and the North West at 17.6%, remain substantially higher than in the rest of England. By contrast, inflation in London, the East, the South East and South West were all under 10%, with the lowest rate shown in London, at 5.2%.
The UK house price inflation rate for first time buyers fell to 7.3% in November from 10.5% in October. The inflation rate for former owner-occupiers also fell, from 13.1% in October to 11.1% in November. This is the lowest rate seen this year, and compares with a rate of 25.8% seen in April.
The average house price in the UK for first time buyers stood at £124,346 in November, while the average price paid by former-owner occupiers stood at £183,103.
The ODPM report was based on 25,000 completed house sales in the period.
The figures are not seasonally adjusted.
(SP)
The HPI figures published by the Office of the Deputy Prime Minister (ODPM) today revealed that UK house price inflation fell from 12.1% in October to 9.7% in November, leading to an average house price to fall from £161,567 to just over £159,480.
All four home countries saw a decline in annual inflation, although inflation in Wales, at 19.6%, and in Scotland, at 16.1%, remains higher than in England.
Annual inflation in England fell from 11.6% in October to 9.2% in November, and this decrease was reflected in all the English regions.
Average inflation in the North East, at 19.6% and the North West at 17.6%, remain substantially higher than in the rest of England. By contrast, inflation in London, the East, the South East and South West were all under 10%, with the lowest rate shown in London, at 5.2%.
The UK house price inflation rate for first time buyers fell to 7.3% in November from 10.5% in October. The inflation rate for former owner-occupiers also fell, from 13.1% in October to 11.1% in November. This is the lowest rate seen this year, and compares with a rate of 25.8% seen in April.
The average house price in the UK for first time buyers stood at £124,346 in November, while the average price paid by former-owner occupiers stood at £183,103.
The ODPM report was based on 25,000 completed house sales in the period.
The figures are not seasonally adjusted.
(SP)
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21 November 2005
Small rise in UK house prices
According to the latest figures from the Office of the Deputy Prime Minister, house prices in September rose for the first time in six months. UK annual house price inflation in September 2005 was 3.3% up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up from 0.8% cent in August 2005.
Small rise in UK house prices
According to the latest figures from the Office of the Deputy Prime Minister, house prices in September rose for the first time in six months. UK annual house price inflation in September 2005 was 3.3% up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up from 0.8% cent in August 2005.
03 January 2002
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
03 August 2001
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
04 June 2002
House price rises outstrip market forecasts
The Halifax, the UK's biggest mortgage lender, has said that house prices in May grew at a record rate. The monthly house price survey revealed that property prices grew by 4.2% in the period April to May this year. The average house price in the UK now stands at over £107,000, up 18.5% on the price of the average house this time last year.
House price rises outstrip market forecasts
The Halifax, the UK's biggest mortgage lender, has said that house prices in May grew at a record rate. The monthly house price survey revealed that property prices grew by 4.2% in the period April to May this year. The average house price in the UK now stands at over £107,000, up 18.5% on the price of the average house this time last year.
05 February 2004
Interest rates rise to 4%
Interest rates have been upped today a quarter percentage point to 4%, the Bank of England has announced. The bank's Monetary Policy Committee (MPC), said that it based the decision in the light of the latest quarterly projections for output and inflation, to be published in the February Inflation Report.
Interest rates rise to 4%
Interest rates have been upped today a quarter percentage point to 4%, the Bank of England has announced. The bank's Monetary Policy Committee (MPC), said that it based the decision in the light of the latest quarterly projections for output and inflation, to be published in the February Inflation Report.
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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.
