Menu
03/01/2002
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.
The review also showed that the price of the average UK home jumped by nearly 14 per cent over the year as a whole, an increase of just under two per cent in December alone.
However, the property market is expected to cool this year with house price inflation dropping to just six per cent, and rising unemployment is expected to dent consumer confidence in the first half of next year, reducing their willingness to borrow.
Meanwhile, the CBI/GVA Grimley twice-yearly survey revealed that the property market is expected to cool this year with house price inflation dropping to just six per cent.
The survey revealed that in the past six months the office sector had recorded the strongest increase in demand for property but over the next six months it was the retail sector was expected to become more resilient. (MB)
The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
The review also showed that the price of the average UK home jumped by nearly 14 per cent over the year as a whole, an increase of just under two per cent in December alone.
However, the property market is expected to cool this year with house price inflation dropping to just six per cent, and rising unemployment is expected to dent consumer confidence in the first half of next year, reducing their willingness to borrow.
Meanwhile, the CBI/GVA Grimley twice-yearly survey revealed that the property market is expected to cool this year with house price inflation dropping to just six per cent.
The survey revealed that in the past six months the office sector had recorded the strongest increase in demand for property but over the next six months it was the retail sector was expected to become more resilient. (MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
03 August 2001
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
29 April 2002
Property firm Lisney on top of NI property market
Belfast Property consultancy Lisney has been identified as the busiest property agency in Northern Ireland by UK commercial property resource EGi, the online version of leading property journal Estates Gazette.
Property firm Lisney on top of NI property market
Belfast Property consultancy Lisney has been identified as the busiest property agency in Northern Ireland by UK commercial property resource EGi, the online version of leading property journal Estates Gazette.
03 April 2002
RICS urges businesses to "wake up" to property issues
The Royal Institute of Chartered Surveyors (RICS) has launched a new tool aimed at helping UK business to ensure their property arrangements work harder for the bottom line. “Property Solutions” is a web based device designed by RICS to help the UK’s 3.
RICS urges businesses to "wake up" to property issues
The Royal Institute of Chartered Surveyors (RICS) has launched a new tool aimed at helping UK business to ensure their property arrangements work harder for the bottom line. “Property Solutions” is a web based device designed by RICS to help the UK’s 3.
06 April 2006
Halifax reports house price rises
House prices increased by 0.9% last month, according to the latest figures from the Halifax. The bank also said that the annual rate of house price inflation increased to 6.2%. The increases take the average cost of a property in Britain today to over £175,000 for the first time.
Halifax reports house price rises
House prices increased by 0.9% last month, according to the latest figures from the Halifax. The bank also said that the annual rate of house price inflation increased to 6.2%. The increases take the average cost of a property in Britain today to over £175,000 for the first time.
07 June 2002
NIE proposes five year price freeze
Northern Ireland Electricity (NIE) has proposed a five year price freeze and has announced a further £250 million investment in the local network and customer services.
NIE proposes five year price freeze
Northern Ireland Electricity (NIE) has proposed a five year price freeze and has announced a further £250 million investment in the local network and customer services.
-
Northern Ireland WeatherThis Evening and Tonight:Clear start with a fairly widespread frost developing. Increasing cloud brings occasionally heavy rain overnight, preceded, especially over western hills, briefly by snow. Occasional southeasterly gales, severe near coasts, developing. Minimum temperature -2 °C.
