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29/11/2005
UK house prices ‘return to stable trend’
UK house prices have remained unchanged in November, bringing annual growth down to 2.4%, the Nationwide has reported.
The lack of growth followed a strong rebound in prices in October, and the building society said that the overall picture was of stability rather than acceleration.
The Nationwide said that the average house price in the UK now stood at £157,139.
Record house prices continued to be “a brake” to the market, the building society said, but said that the “benign” economic environment was “relatively supportive”.
Affordability could reach its long-term level in four years, if house prices remain constant, the Nationwide predicted.
Fionnuala Earley, Nationwide Group Economist, said: “As we expected, the strong rebound in prices in October was temporary, driven by buyers postponing purchases until after the August base rate cut and the overall picture remains one of stability rather than acceleration.
“November’s data suggests that the market has settled back down to the pattern of small rises in some months and small falls in others, with prices overall growing only very slowly.”
(KMcA/SP)
The lack of growth followed a strong rebound in prices in October, and the building society said that the overall picture was of stability rather than acceleration.
The Nationwide said that the average house price in the UK now stood at £157,139.
Record house prices continued to be “a brake” to the market, the building society said, but said that the “benign” economic environment was “relatively supportive”.
Affordability could reach its long-term level in four years, if house prices remain constant, the Nationwide predicted.
Fionnuala Earley, Nationwide Group Economist, said: “As we expected, the strong rebound in prices in October was temporary, driven by buyers postponing purchases until after the August base rate cut and the overall picture remains one of stability rather than acceleration.
“November’s data suggests that the market has settled back down to the pattern of small rises in some months and small falls in others, with prices overall growing only very slowly.”
(KMcA/SP)
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07 December 2005
'Strong rise’ in UK consumer confidence
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'Strong rise’ in UK consumer confidence
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30 May 2002
Nationwide reveal further rise in UK house prices
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Nationwide reveal further rise in UK house prices
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26 June 2002
NI house prices amongst fastest growing in UK
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NI house prices amongst fastest growing in UK
House prices in Northern Ireland have been growing faster than anywhere else in the UK outside London and the Home Counties, according to business advisors PricewaterhouseCoopers (PwC). According to the latest issue of PwC’s ‘UK Economic Outlook’, London house prices rose by 250% since 1995, followed by the southeast of England and East Anglia.
18 October 2005
House prices predicted to rise
A rise in house prices for the first time in 18 months has been predicted in a poll of chartered surveyors. An increase in demand, combined with the possibility of further interest rate cuts, have led to predictions that the house prices could see a ‘marginal rise’ by the end of the year, the Royal Institution of Chartered Surveyors reported.
House prices predicted to rise
A rise in house prices for the first time in 18 months has been predicted in a poll of chartered surveyors. An increase in demand, combined with the possibility of further interest rate cuts, have led to predictions that the house prices could see a ‘marginal rise’ by the end of the year, the Royal Institution of Chartered Surveyors reported.
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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.
