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04/03/2010
First House Price Fall Since June
UK house prices have fallen for the first time seven month, according to research from the Halifax bank.
A report found property values fell by 1.5% in February following a continuous increase since June 2009.
Despite this fall, the average price is 8.0% above the trough reached in April 2009, the bank said.
Martin Ellis, Halifax housing economist, said: "There has been a decline in the underlying rate of house price inflation – measured by a comparison of the latest three months with the previous quarter – over the last few months."
He suggested an increase in the number of properties available for sale has helped to slightly reduce the imbalance between supply and demand.
"At the same time, the bad weather in the first two months of 2010, together with the return of the lowest stamp duty threshold to £125,000, are likely to have had an adverse impact on housing demand."
Mr Ellis added: "The combination of these factors appears to have helped to curb the upward pressure on house prices."
(PR/BMcC)
A report found property values fell by 1.5% in February following a continuous increase since June 2009.
Despite this fall, the average price is 8.0% above the trough reached in April 2009, the bank said.
Martin Ellis, Halifax housing economist, said: "There has been a decline in the underlying rate of house price inflation – measured by a comparison of the latest three months with the previous quarter – over the last few months."
He suggested an increase in the number of properties available for sale has helped to slightly reduce the imbalance between supply and demand.
"At the same time, the bad weather in the first two months of 2010, together with the return of the lowest stamp duty threshold to £125,000, are likely to have had an adverse impact on housing demand."
Mr Ellis added: "The combination of these factors appears to have helped to curb the upward pressure on house prices."
(PR/BMcC)
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13 August 2007
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
30 April 2003
UK house prices stagnate
The latest house price survey has revealed that UK property prices were unchanged in April. The Nationwide building society’s latest figures put the average house price at just under £122,800, a clear sign that house price inflation has dipped dramatically.
UK house prices stagnate
The latest house price survey has revealed that UK property prices were unchanged in April. The Nationwide building society’s latest figures put the average house price at just under £122,800, a clear sign that house price inflation has dipped dramatically.
07 December 2006
House price inflation increases
The annual rate of house price inflation has risen to 9.6% according to the latest set of figures from the Halifax. The monthly change showed a 1.7% increase in November, which took the price of the average house in the UK to 187,995.
House price inflation increases
The annual rate of house price inflation has risen to 9.6% according to the latest set of figures from the Halifax. The monthly change showed a 1.7% increase in November, which took the price of the average house in the UK to 187,995.
01 September 2005
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
29 October 2009
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
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Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
