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13/06/2005
House price inflation declines
Annual house price inflation dropped to 6.9% in April, a sharp fall from 12.6% in March, according to the latest figures from the Office of the Deputy Prime Minister (ODPM).
The ODPM also reported a fall in mix-adjusted prices of 0.8% between March and April, which contrasted sharply with the 4.5% rise during the same period in 2004. The average house in the UK in April was £181,832, a drop from March’s figure of £183,346.
However, the ODPM said that the figures could have been affected by this year’s earlier Easter period, as there are always rises in house prices at Easter.
The inflation rate dropped in all regions, falling from 12% to 6% in England; from 22% to 15.9% in Wales and from 15.8% to 10.7% in Northern Ireland. The fall in growth was slightly less in Scotland, falling from 16.1% to 14.3%.
House price inflation also fell across all the regions. The highest inflation rates remained in the north of England, at 12.9% in the northwest and 11.9% in the northeast. The lowest inflation rate was in London, where inflation fell from 9.8% in March to 2.7% in April. The ODPM attributed this to a fall of 1.4% in prices between March and April, compared with a rise of 5.5% during the same period last year.
The ODPM’s figures follow the release of the Halifax’s monthly house price figures last week, which showed a fall of 0.6% in house prices in May.
The mortgage lender said that house prices had remained “broadly unchanged” so far this year, falling by just 0.1% in the first five months of 2005.
As a result, the Halifax predicted a “modest decline” of 2% in house prices across the UK this year.
(KMcA/SP)
The ODPM also reported a fall in mix-adjusted prices of 0.8% between March and April, which contrasted sharply with the 4.5% rise during the same period in 2004. The average house in the UK in April was £181,832, a drop from March’s figure of £183,346.
However, the ODPM said that the figures could have been affected by this year’s earlier Easter period, as there are always rises in house prices at Easter.
The inflation rate dropped in all regions, falling from 12% to 6% in England; from 22% to 15.9% in Wales and from 15.8% to 10.7% in Northern Ireland. The fall in growth was slightly less in Scotland, falling from 16.1% to 14.3%.
House price inflation also fell across all the regions. The highest inflation rates remained in the north of England, at 12.9% in the northwest and 11.9% in the northeast. The lowest inflation rate was in London, where inflation fell from 9.8% in March to 2.7% in April. The ODPM attributed this to a fall of 1.4% in prices between March and April, compared with a rise of 5.5% during the same period last year.
The ODPM’s figures follow the release of the Halifax’s monthly house price figures last week, which showed a fall of 0.6% in house prices in May.
The mortgage lender said that house prices had remained “broadly unchanged” so far this year, falling by just 0.1% in the first five months of 2005.
As a result, the Halifax predicted a “modest decline” of 2% in house prices across the UK this year.
(KMcA/SP)
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House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
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
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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 September 2005
House price rise slowdown continues
Annual house price inflation in July was 4%, down from 5% in June according to figures released today by the Deputy Prime Minister's office. This drop in the growth of house prices pushed the annual house price inflation in London down to 0.9% in July 2005, a fall from the from 1.7% figure in June 2005.
House price rise slowdown continues
Annual house price inflation in July was 4%, down from 5% in June according to figures released today by the Deputy Prime Minister's office. This drop in the growth of house prices pushed the annual house price inflation in London down to 0.9% in July 2005, a fall from the from 1.7% figure in June 2005.
30 January 2008
Price Fall Underlines Downward House Price Trend
It's official: House prices in England and Wales dropped by 0.4% in December, taking the average price down to £184,469. According to the latest figures from Land Registry, this is the first fall for England and Wales since August 2005 - although three regions have actually bucked the downward trend.
Price Fall Underlines Downward House Price Trend
It's official: House prices in England and Wales dropped by 0.4% in December, taking the average price down to £184,469. According to the latest figures from Land Registry, this is the first fall for England and Wales since August 2005 - although three regions have actually bucked the downward trend.
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Northern Ireland WeatherThis Evening and Tonight:A fine end to the day with some evening sunshine. It remains mainly dry overnight with a touch of frost or fog patches possible in places. However, cloud is expected to increase towards dawn with the odd light shower. Minimum temperature 2 °C.
