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27/01/2011
House Prices Fall For The Seventh Month
A recent survey by a UK housing intelligence business has revealed that house prices have fallen for the seventh month in a row.
The Hometrack survey highlights how the average cost of a house in England and Wales is 2.2% lower than January last year. The average price now stands at £153,600.
As uncertainty remains over 2011 interest rates, both buyers and sellers are avoiding the market.
Estate agents have experienced a 10% decrease in those registering, accounting for a 26% drop in demand in the last six months.
Meanwhile new home sales have experienced the sharpest fall in four years, reaching 5.4%.
Mortgage approvals were also down 10% from last year.
Currently, the number of first-time buyers with a mortgage stands at less than half compared to the figures between 2000 and 2005.
(BMcN/GK)
The Hometrack survey highlights how the average cost of a house in England and Wales is 2.2% lower than January last year. The average price now stands at £153,600.
As uncertainty remains over 2011 interest rates, both buyers and sellers are avoiding the market.
Estate agents have experienced a 10% decrease in those registering, accounting for a 26% drop in demand in the last six months.
Meanwhile new home sales have experienced the sharpest fall in four years, reaching 5.4%.
Mortgage approvals were also down 10% from last year.
Currently, the number of first-time buyers with a mortgage stands at less than half compared to the figures between 2000 and 2005.
(BMcN/GK)
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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.
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.
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.
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.
12 February 2008
Inflation On The Rise
UK inflation increased last month, rising to 2.2% from 2.1% in December. It is the fourth month in a row that that the Consumer Prices Index (CPI) inflation has remained above the government's 2% target and is the highest rate since June last year. The Retail Price Index (RPI), which includes mortgage interest payments, also rose to 4.
Inflation On The Rise
UK inflation increased last month, rising to 2.2% from 2.1% in December. It is the fourth month in a row that that the Consumer Prices Index (CPI) inflation has remained above the government's 2% target and is the highest rate since June last year. The Retail Price Index (RPI), which includes mortgage interest payments, also rose to 4.
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