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12/12/2005
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 dropped in England (from 2.5% in September to 1.3% in October), Scotland (from 10.2% to 9.1%) and Northern Ireland (from 16.7% to 11.1%). However, inflation increased in Wales, rising from 7.3% in September to 9.8% in October.
In England, the highest inflation rates remained in the north, in the north east (8.7%), Yorkshire and the Humber (7.2%) and the North West (6.4%).
The ODPM figures showed that average house prices in England were £194,824, £152,078 in Wales, £128,029 in Scotland and £134,167 in Northern Ireland.
However, property website Rightmove has predicted that average house prices in England and Wales could increase to more than £200,000 next year.
The website has predicted an increase of 4% in house prices in 2006, but said that an increase of just 2% would be enough to push prices over the £200,000 mark. It is feared that this could make it even more difficult for first-time buyers trying to get onto the property ladder.
(KMcA/SP)
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 dropped in England (from 2.5% in September to 1.3% in October), Scotland (from 10.2% to 9.1%) and Northern Ireland (from 16.7% to 11.1%). However, inflation increased in Wales, rising from 7.3% in September to 9.8% in October.
In England, the highest inflation rates remained in the north, in the north east (8.7%), Yorkshire and the Humber (7.2%) and the North West (6.4%).
The ODPM figures showed that average house prices in England were £194,824, £152,078 in Wales, £128,029 in Scotland and £134,167 in Northern Ireland.
However, property website Rightmove has predicted that average house prices in England and Wales could increase to more than £200,000 next year.
The website has predicted an increase of 4% in house prices in 2006, but said that an increase of just 2% would be enough to push prices over the £200,000 mark. It is feared that this could make it even more difficult for first-time buyers trying to get onto the property ladder.
(KMcA/SP)
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UK house prices fall, report shows
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13 June 2005
House price inflation declines
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House price inflation declines
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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.
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Northern Ireland WeatherThis Evening and Tonight:Rain clearing away east by early evening with some clear spells but a few showers likely to affect the North coast and other areas towards dawn, remaining breezy and mild overnight. Minimum temperature 9 °C.
