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07/03/2002
Halifax report continuing rise in house prices
House prices in the UK have risen by almost 17 per cent according to the latest survey figures released by the Halifax.
The report, published on Thursday 7 March, has shown that in February, property prices rose by more than one-sixth on the same time a year earlier – representing the fastest annual rate of growth in 12 years.
Between January and February 2002, house prices rose by around 1.5 per cent on average, meaning that the average house price now stands at just under £102,000.
The results confirm the findings of a housing market survey undertaken by the Nationwide building society, which revealed a growth rate of 14 per cent over the past twelve months, and an increase of 1.6 per cent between January and February this year.
While some regions are showing signs of a decrease in house prices - with certain areas of Scotland reporting a fall – these latest reports indicate that the expected slowdown in the housing market could be some time in coming, with Thursday's decision by the Bank of England to keep interest rates unchanged at 4 per cent helping to ensure that cheaper mortgages will continue to underpin the growth in property prices.
(CL)
The report, published on Thursday 7 March, has shown that in February, property prices rose by more than one-sixth on the same time a year earlier – representing the fastest annual rate of growth in 12 years.
Between January and February 2002, house prices rose by around 1.5 per cent on average, meaning that the average house price now stands at just under £102,000.
The results confirm the findings of a housing market survey undertaken by the Nationwide building society, which revealed a growth rate of 14 per cent over the past twelve months, and an increase of 1.6 per cent between January and February this year.
While some regions are showing signs of a decrease in house prices - with certain areas of Scotland reporting a fall – these latest reports indicate that the expected slowdown in the housing market could be some time in coming, with Thursday's decision by the Bank of England to keep interest rates unchanged at 4 per cent helping to ensure that cheaper mortgages will continue to underpin the growth in property prices.
(CL)
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20 February 2002
NI house prices still rising
A report by the University of Ulster has revealed that house prices in Northern Ireland are still rising, but the recent boom in the property market has slowed down.
NI house prices still rising
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10 December 2001
Further falls in price of UK manufactured goods
The Office of National Statistics have produced a report which shows that the price of goods manufactured in the UK have fallen in the last month. Between October and November the UK producer prices fell by 0.4 per cent, compared with a fall of 0.2 per cent between September and October.
Further falls in price of UK manufactured goods
The Office of National Statistics have produced a report which shows that the price of goods manufactured in the UK have fallen in the last month. Between October and November the UK producer prices fell by 0.4 per cent, compared with a fall of 0.2 per cent between September and October.
28 February 2002
UK house prices set to beat growth expectations
UK mortgage lender Nationwide has said that house prices may beat growth expectations for the year ahead. Their expectations were made after their monthly property market review said that average house prices grew by 1.6 per cent in February compared to the previous month, and by 14 per cent on the year.
UK house prices set to beat growth expectations
UK mortgage lender Nationwide has said that house prices may beat growth expectations for the year ahead. Their expectations were made after their monthly property market review said that average house prices grew by 1.6 per cent in February compared to the previous month, and by 14 per cent on the year.
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Northern Ireland WeatherThis Evening and Tonight:Another dry and mainly cloudy evening and overnight period, likely cloudiest towards coastal Down and Antrim. It will be a mild night in most places but a little colder where skies become clearer. Minimum temperature 7 °C.
