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07/01/2005
Halifax announces surprise rise in house prices
The Halifax have announced that UK house prices rose by 1.1% in December, in spite of recent evidence which showed that the housing market in the UK is slowing down.
The report concluded that there were "continuing signs of a genuine slowdown in the housing market". The Halifax stated that house prices in the final quarter of 2004 were only 0.1% higher than the previous quarter - the smallest quarterly gain since September – which, the company said, provided further evidence that house price inflation is slowing.
The report also stated that house prices had increased by 15.1% in 2004, but by only 2.8% in the second half, representing the smallest annual rise since 2001.
House prices had risen fastest in the North of England during the fourth quarter, with prices rising by 3% in the North West, 1.2% in Yorkshire and the Humber and 0.7% in the North. However although prices in this area had increased rapidly during 2004 as a whole, the Halifax said, there had been significant slowing in house price inflation in the second half of the year, as first-time buyers began to experience the same problems as those in the south, in buying a home.
The biggest decline in house prices was in Wales with a 6.2% drop and the South East with 1.6%.
The bank reported that the average price of a house in the UK now stood at £162,086, with London still the most expensive region, with an average house price of £241,670. Scotland is now the only region in the UK where the average house price remains under £100,000 (£99,056).
Commenting on the report, the Halifax's Chief Economist, said: "Sound housing market fundamentals will continue to underpin the market in 2005, ensuring that the market remains healthy and that house prices fall only slightly."
He added: "We expect a 2% decline in prices nationally this year with the market subsequently characterised by modest price increases and a steady improvement in transactions beyond 2005."
(KMcA/SP)
The report concluded that there were "continuing signs of a genuine slowdown in the housing market". The Halifax stated that house prices in the final quarter of 2004 were only 0.1% higher than the previous quarter - the smallest quarterly gain since September – which, the company said, provided further evidence that house price inflation is slowing.
The report also stated that house prices had increased by 15.1% in 2004, but by only 2.8% in the second half, representing the smallest annual rise since 2001.
House prices had risen fastest in the North of England during the fourth quarter, with prices rising by 3% in the North West, 1.2% in Yorkshire and the Humber and 0.7% in the North. However although prices in this area had increased rapidly during 2004 as a whole, the Halifax said, there had been significant slowing in house price inflation in the second half of the year, as first-time buyers began to experience the same problems as those in the south, in buying a home.
The biggest decline in house prices was in Wales with a 6.2% drop and the South East with 1.6%.
The bank reported that the average price of a house in the UK now stood at £162,086, with London still the most expensive region, with an average house price of £241,670. Scotland is now the only region in the UK where the average house price remains under £100,000 (£99,056).
Commenting on the report, the Halifax's Chief Economist, said: "Sound housing market fundamentals will continue to underpin the market in 2005, ensuring that the market remains healthy and that house prices fall only slightly."
He added: "We expect a 2% decline in prices nationally this year with the market subsequently characterised by modest price increases and a steady improvement in transactions beyond 2005."
(KMcA/SP)
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07 September 2005
Halifax reports house prices rise
House prices rose by 1.6% in August, the UK’s biggest mortgage lender, has reported. However, the Halifax warned that the rise could be temporary, boosted by the recent interest rates cuts by the Bank of England. The price rise in August followed a modest 0.4% increase in July and was the biggest monthly rise since September 2004.
Halifax reports house prices rise
House prices rose by 1.6% in August, the UK’s biggest mortgage lender, has reported. However, the Halifax warned that the rise could be temporary, boosted by the recent interest rates cuts by the Bank of England. The price rise in August followed a modest 0.4% increase in July and was the biggest monthly rise since September 2004.
05 April 2005
House prices rise following March dip
House prices increased by 0.5% in March, the Halifax has reported, offsetting the 0.5% fall in February. There has been "virtually no change" in UK house prices since last September.
House prices rise following March dip
House prices increased by 0.5% in March, the Halifax has reported, offsetting the 0.5% fall in February. There has been "virtually no change" in UK house prices since last September.
29 February 2008
January House Prices Show Slight Increase
House prices in England and Wales increased by just 0.9% in January, according to the latest monthly figures from Land Registry. The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7% last month to 6.4% this month. London experienced annual price growth of 13.
January House Prices Show Slight Increase
House prices in England and Wales increased by just 0.9% in January, according to the latest monthly figures from Land Registry. The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7% last month to 6.4% this month. London experienced annual price growth of 13.
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.
12 December 2005
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
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