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30/04/2003
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.
Commenting on the figures Alex Bannister, Nationwide's Group Economist said: "House prices remained unchanged during the month of April as the trend towards slower house price inflation continued.
“The annual rate of change slowed to 22.2% from 26.2% in March, in line with our expectation that the market would see a moderation in 2003. House prices over the last three months have risen at their slowest pace since December 2001 and the market is clearly less frenetic than April last year when prices jumped 3.3%."
However, Mr Bannister said that there was “no evidence of a damaging correction at this stage”.
He said: “We expect price growth to return to 0.5-1.0% over the next few months but remain below the level seen during April-September last year when prices rose by an average of 2.4% per month.
“A steady monthly rise of 0.7% per month would reduce the annual rate of change to 10% by December - in line with our current forecast.”
In April the Hometrack national April survey of the housing market reported a 0.1% fall in house prices.
This is the eleventh month of a steady decline in house price inflation – a clear sign that the UK property boom is over.
(SP)
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.
Commenting on the figures Alex Bannister, Nationwide's Group Economist said: "House prices remained unchanged during the month of April as the trend towards slower house price inflation continued.
“The annual rate of change slowed to 22.2% from 26.2% in March, in line with our expectation that the market would see a moderation in 2003. House prices over the last three months have risen at their slowest pace since December 2001 and the market is clearly less frenetic than April last year when prices jumped 3.3%."
However, Mr Bannister said that there was “no evidence of a damaging correction at this stage”.
He said: “We expect price growth to return to 0.5-1.0% over the next few months but remain below the level seen during April-September last year when prices rose by an average of 2.4% per month.
“A steady monthly rise of 0.7% per month would reduce the annual rate of change to 10% by December - in line with our current forecast.”
In April the Hometrack national April survey of the housing market reported a 0.1% fall in house prices.
This is the eleventh month of a steady decline in house price inflation – a clear sign that the UK property boom is over.
(SP)
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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.
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 November 2010
UK Property Prices 'Still Falling'
House prices in the three months to October were 1.2% lower than in the preceding three months, according to the Halifax. The financial services provider, part of the Lloyds Banking Group, said prices in October were 2.3% lower than at the end of 2009 on a seasonally adjusted basis (-1.2% unadjusted).
UK Property Prices 'Still Falling'
House prices in the three months to October were 1.2% lower than in the preceding three months, according to the Halifax. The financial services provider, part of the Lloyds Banking Group, said prices in October were 2.3% lower than at the end of 2009 on a seasonally adjusted basis (-1.2% unadjusted).
28 August 2008
House Prices Drop By 10.5%
House prices have dropped by 10.5% over the last year, according to the latest research by Nationwide Building Society. The price of a typical house has fallen to £164,654, the fastest annual rate in almost 18 years. Commenting on the figures Fionnuala Earley, Nationwide's Chief Economist, said: "The price of a typical house fell by 1.
House Prices Drop By 10.5%
House prices have dropped by 10.5% over the last year, according to the latest research by Nationwide Building Society. The price of a typical house has fallen to £164,654, the fastest annual rate in almost 18 years. Commenting on the figures Fionnuala Earley, Nationwide's Chief Economist, said: "The price of a typical house fell by 1.
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.
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