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29/11/2005
UK house prices ‘return to stable trend’
UK house prices have remained unchanged in November, bringing annual growth down to 2.4%, the Nationwide has reported.
The lack of growth followed a strong rebound in prices in October, and the building society said that the overall picture was of stability rather than acceleration.
The Nationwide said that the average house price in the UK now stood at £157,139.
Record house prices continued to be “a brake” to the market, the building society said, but said that the “benign” economic environment was “relatively supportive”.
Affordability could reach its long-term level in four years, if house prices remain constant, the Nationwide predicted.
Fionnuala Earley, Nationwide Group Economist, said: “As we expected, the strong rebound in prices in October was temporary, driven by buyers postponing purchases until after the August base rate cut and the overall picture remains one of stability rather than acceleration.
“November’s data suggests that the market has settled back down to the pattern of small rises in some months and small falls in others, with prices overall growing only very slowly.”
(KMcA/SP)
The lack of growth followed a strong rebound in prices in October, and the building society said that the overall picture was of stability rather than acceleration.
The Nationwide said that the average house price in the UK now stood at £157,139.
Record house prices continued to be “a brake” to the market, the building society said, but said that the “benign” economic environment was “relatively supportive”.
Affordability could reach its long-term level in four years, if house prices remain constant, the Nationwide predicted.
Fionnuala Earley, Nationwide Group Economist, said: “As we expected, the strong rebound in prices in October was temporary, driven by buyers postponing purchases until after the August base rate cut and the overall picture remains one of stability rather than acceleration.
“November’s data suggests that the market has settled back down to the pattern of small rises in some months and small falls in others, with prices overall growing only very slowly.”
(KMcA/SP)
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31 July 2001
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Nationwide statistics show house prices steadily rising
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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.
