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01/02/2012
UK House Prices Down 0.2% in January
House prices have declined by 0.2% in January, according to a major building society.
According to the figures released on Wednesday, Nationwide said that although property prices are down on the month, they are still 0.6% higher than one year ago, with the price of a typical home now £162,228.
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said that given the challenging conditions in late 2011, with the UK economy contracting in the final three months of the year, it was not surprising house price growth softened at the start of 2012.
Mr Gardner said: “The demand/supply balance may move further in favour of buyers in the months ahead. The economy is not expected to gather much momentum until the second half of 2012 at the earliest, which suggests that labour market conditions and buyer sentiment may be slow to improve.
“Nevertheless, with the flow of properties coming onto the market still more of a trickle than a flood, house prices are likely to continue to move sideways or only modestly lower in the months ahead.“
(DW)
According to the figures released on Wednesday, Nationwide said that although property prices are down on the month, they are still 0.6% higher than one year ago, with the price of a typical home now £162,228.
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said that given the challenging conditions in late 2011, with the UK economy contracting in the final three months of the year, it was not surprising house price growth softened at the start of 2012.
Mr Gardner said: “The demand/supply balance may move further in favour of buyers in the months ahead. The economy is not expected to gather much momentum until the second half of 2012 at the earliest, which suggests that labour market conditions and buyer sentiment may be slow to improve.
“Nevertheless, with the flow of properties coming onto the market still more of a trickle than a flood, house prices are likely to continue to move sideways or only modestly lower in the months ahead.“
(DW)
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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.
30 May 2003
Nationwide predicts housing market fall
Nationwide predicts a marked fall in the housing market as first time buyers are stymied due to housing affordability and the squeeze on disposable incomes. Commenting on the figures, Nationwide's Group Economist Alex Bannister, said: "Annual house price inflation declined to 21.3% in May from 22.2% last month.
Nationwide predicts housing market fall
Nationwide predicts a marked fall in the housing market as first time buyers are stymied due to housing affordability and the squeeze on disposable incomes. Commenting on the figures, Nationwide's Group Economist Alex Bannister, said: "Annual house price inflation declined to 21.3% in May from 22.2% last month.
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.
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