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28/02/2002
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.
The survey also revealed that the average UK house now costs £94,965, and that these latest figures suggest that the UK residential property market, which has soared by an estimated 75 per cent during the past ten years, shows no sign of flattening
These robust figures emerged despite a year of below-trend economic growth and widespread uncertainty over prospects for 2002.
Nationwide attributed the resilience of the property market to historically low jobless rates and cheap borrowing costs.
(MB)
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.
The survey also revealed that the average UK house now costs £94,965, and that these latest figures suggest that the UK residential property market, which has soared by an estimated 75 per cent during the past ten years, shows no sign of flattening
These robust figures emerged despite a year of below-trend economic growth and widespread uncertainty over prospects for 2002.
Nationwide attributed the resilience of the property market to historically low jobless rates and cheap borrowing costs.
(MB)
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07 March 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.
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.
04 June 2002
House price rises outstrip market forecasts
The Halifax, the UK's biggest mortgage lender, has said that house prices in May grew at a record rate. The monthly house price survey revealed that property prices grew by 4.2% in the period April to May this year. The average house price in the UK now stands at over £107,000, up 18.5% on the price of the average house this time last year.
House price rises outstrip market forecasts
The Halifax, the UK's biggest mortgage lender, has said that house prices in May grew at a record rate. The monthly house price survey revealed that property prices grew by 4.2% in the period April to May this year. The average house price in the UK now stands at over £107,000, up 18.5% on the price of the average house this time last year.
17 August 2001
Economists fear house price bubble set to deflate
Leading economy analysts are concerned that the buoyant house prices driven by a speculative property investments market may be set to end. The warning will strike a poignant chord with house buyers in the early 1990s who found themselves faced with massive negative equity problems when house prices plunged to below the value of the mortgage.
Economists fear house price bubble set to deflate
Leading economy analysts are concerned that the buoyant house prices driven by a speculative property investments market may be set to end. The warning will strike a poignant chord with house buyers in the early 1990s who found themselves faced with massive negative equity problems when house prices plunged to below the value of the mortgage.
01 October 2001
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
03 January 2002
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
