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04/04/2014
House Prices Decline By -1.1%
House prices fell by -1.1% in March according to Halifax.
This was the third monthly decline in the past 15 months. The monthly movements, however, can be volatile and the three month-on-three month change is a more reliable indicator of the underlying trend.
However, house prices in the latest three months, January to March 2014, were 2.3% higher than in the final quarter of 2013. This is within the range of 1.8% to 2.3% recorded for this measure since June 2013.
Prices in the three months to March were 8.7% higher than in the same three months a year earlier. This continued the upward trend in the annual rate.
Stephen Noakes, Mortgages Director, said: "Although house prices fell in the month, prices in the three months to March were 2.3% higher than in the final quarter of 2013. The annual rate of increase rose with prices in the three months to March 8.7% higher than in the same three months last year.
"Housing demand continues to be supported by an improving economic outlook, growth in employment, rising consumer confidence and low interest rates.
"The recent strengthening in house price is increasing the amount of equity that many homeowners have in their home. This will potentially encourage and enable more owners to put their property on the market for sale over the coming year, therefore boosting supply and easing pressure on prices."
(CD)
This was the third monthly decline in the past 15 months. The monthly movements, however, can be volatile and the three month-on-three month change is a more reliable indicator of the underlying trend.
However, house prices in the latest three months, January to March 2014, were 2.3% higher than in the final quarter of 2013. This is within the range of 1.8% to 2.3% recorded for this measure since June 2013.
Prices in the three months to March were 8.7% higher than in the same three months a year earlier. This continued the upward trend in the annual rate.
Stephen Noakes, Mortgages Director, said: "Although house prices fell in the month, prices in the three months to March were 2.3% higher than in the final quarter of 2013. The annual rate of increase rose with prices in the three months to March 8.7% higher than in the same three months last year.
"Housing demand continues to be supported by an improving economic outlook, growth in employment, rising consumer confidence and low interest rates.
"The recent strengthening in house price is increasing the amount of equity that many homeowners have in their home. This will potentially encourage and enable more owners to put their property on the market for sale over the coming year, therefore boosting supply and easing pressure on prices."
(CD)
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House Prices Increase By 0.8%
House prices have increased by 0.8% in August according to the Halifax. This was the second successive monthly rise and the fourth in the first eight months of this year. Martin Ellis, Housing Economist, said: "Overall, house prices nationally are very similar to the level at the end of last year.
02 October 2009
House Prices Rise To 2008 Levels
House prices rose by 0.9% in September according to Nationwide. This is the fifth consecutive monthly increase, and is pushing property values up to levels last seen a year ago.
House Prices Rise To 2008 Levels
House prices rose by 0.9% in September according to Nationwide. This is the fifth consecutive monthly increase, and is pushing property values up to levels last seen a year ago.
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).
04 May 2011
House Prices Continue To Fall
The North East of England has experienced the greatest annual price fall in house value as the March data from Land Registry's House Price Index revealed an annual price decrease of 2.3% which takes the average property value in England and Wales to £160,996. The monthly change from February to March is a decrease of 1.1%.
House Prices Continue To Fall
The North East of England has experienced the greatest annual price fall in house value as the March data from Land Registry's House Price Index revealed an annual price decrease of 2.3% which takes the average property value in England and Wales to £160,996. The monthly change from February to March is a decrease of 1.1%.
29 October 2009
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
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