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02/12/2005
Halifax reports further house price rises
The Halifax has reported an increase in house prices of 1.2% in November.
The building society said that prices had increased overall by 4.7% overall in the past six months, while house prices rose by 4.5% on an annual basis.
The average house in the UK now cost £170,086, the Halifax reported.
Martin Ellis, Chief Economist, said: “The high level of employment and good earnings growth continues to underpin housing demand.
“The slowdown in UK economic growth over the past year and the historically high level of house prices relative to average earnings are, however, expected to curb the recent improvement in housing demand and prevent another sustained period of sharply rising property values.”
According to the Bank of England, the number of mortgage approvals to fund house purchase increased for the fourth successive month in October. The number of loans, at 113,000, was also 35% higher than in October 2004.
The Halifax’s figures follow those from the Nationwide, which suggested that house prices had remained unchanged during November, bringing the annual rate of house price inflation down to 2.4% from 3.3% in October.
(KMcA/SP)
The building society said that prices had increased overall by 4.7% overall in the past six months, while house prices rose by 4.5% on an annual basis.
The average house in the UK now cost £170,086, the Halifax reported.
Martin Ellis, Chief Economist, said: “The high level of employment and good earnings growth continues to underpin housing demand.
“The slowdown in UK economic growth over the past year and the historically high level of house prices relative to average earnings are, however, expected to curb the recent improvement in housing demand and prevent another sustained period of sharply rising property values.”
According to the Bank of England, the number of mortgage approvals to fund house purchase increased for the fourth successive month in October. The number of loans, at 113,000, was also 35% higher than in October 2004.
The Halifax’s figures follow those from the Nationwide, which suggested that house prices had remained unchanged during November, bringing the annual rate of house price inflation down to 2.4% from 3.3% in October.
(KMcA/SP)
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13 August 2007
House Prices Rise By 12% In June
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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.
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.
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.
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.
08 March 2006
House prices continue to rise
House prices are continuing to rise, the Halifax Bank has reported. The Halifax reported that house prices increased by 1.4% in February, pushing the annual rate of house price inflation to 5.5%. The average house price in the UK is now £173,498, the Halifax said.
House prices continue to rise
House prices are continuing to rise, the Halifax Bank has reported. The Halifax reported that house prices increased by 1.4% in February, pushing the annual rate of house price inflation to 5.5%. The average house price in the UK is now £173,498, the Halifax said.
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