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03/05/2002
House prices to drop during second half of year
Latest figures from the Halifax bank indicate that UK house prices rose by 0.7% during April, representing a total increase of 15.1% in the average house price when compared with the same time one year earlier.
However, the Halifax has estimated that the exponential growth rate in house prices – encouraged by low interest rates - is set to even out later this year, as several adverse influences take their toll. Higher unemployment and lessened income growth could finally impact on confidence, and if the Bank of England decides to raise interest rates from the current level of 4% - as predicted – house prices could finally slow, especially in the London area.
The average cost of buying a house in the UK now stands at £102,851.
The Royal Institute of Chartered Surveyors (RICS) has also issued a note of caution to those buying properties with the aim of renting them out for income.
Income from rental properties has fallen for the fifth quarter in a row, according to the most recent figures, with rental yields declining in central London due to an excess of properties available on the market.
The purchase of properties for later renting out – known as the buy-to-let sector – comprises 7% of the total private rental market.
(CL)
However, the Halifax has estimated that the exponential growth rate in house prices – encouraged by low interest rates - is set to even out later this year, as several adverse influences take their toll. Higher unemployment and lessened income growth could finally impact on confidence, and if the Bank of England decides to raise interest rates from the current level of 4% - as predicted – house prices could finally slow, especially in the London area.
The average cost of buying a house in the UK now stands at £102,851.
The Royal Institute of Chartered Surveyors (RICS) has also issued a note of caution to those buying properties with the aim of renting them out for income.
Income from rental properties has fallen for the fifth quarter in a row, according to the most recent figures, with rental yields declining in central London due to an excess of properties available on the market.
The purchase of properties for later renting out – known as the buy-to-let sector – comprises 7% of the total private rental market.
(CL)
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30 May 2002
Nationwide reveal further rise in UK house prices
The latest survey from the Nationwide Building Society has revealed that British house prices rose in May to their highest annual rate in 13 years. Overall, house prices rose by 2.1% during the month, taking their annual growth rate to 17.9% - the highest since the boom of the late 1980s.
Nationwide reveal further rise in UK house prices
The latest survey from the Nationwide Building Society has revealed that British house prices rose in May to their highest annual rate in 13 years. Overall, house prices rose by 2.1% during the month, taking their annual growth rate to 17.9% - the highest since the boom of the late 1980s.
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.
27 September 2011
Irish Property Prices 'Down 1.6%'
Ireland's residential property prices have fallen by 1.6% in August, so say figures released by the Central Statistics Office (CSO). The CSO's monthly Residential Property Price Index revealed that overall house prices have fallen by 13.9% in the year to August. This compares with an annual rate of decline of 12.5% in July and a decline of 10.
Irish Property Prices 'Down 1.6%'
Ireland's residential property prices have fallen by 1.6% in August, so say figures released by the Central Statistics Office (CSO). The CSO's monthly Residential Property Price Index revealed that overall house prices have fallen by 13.9% in the year to August. This compares with an annual rate of decline of 12.5% in July and a decline of 10.
26 June 2002
NI house prices amongst fastest growing in UK
House prices in Northern Ireland have been growing faster than anywhere else in the UK outside London and the Home Counties, according to business advisors PricewaterhouseCoopers (PwC). According to the latest issue of PwC’s ‘UK Economic Outlook’, London house prices rose by 250% since 1995, followed by the southeast of England and East Anglia.
NI house prices amongst fastest growing in UK
House prices in Northern Ireland have been growing faster than anywhere else in the UK outside London and the Home Counties, according to business advisors PricewaterhouseCoopers (PwC). According to the latest issue of PwC’s ‘UK Economic Outlook’, London house prices rose by 250% since 1995, followed by the southeast of England and East Anglia.
07 December 2005
'Strong rise’ in UK consumer confidence
Consumer confidence is on the rise in the UK ahead of Christmas, the Nationwide building society has reported. The Nationwide reported that its Consumer Confidence Index had risen by 9 points in November to 101 – the largest monthly change recorded.
'Strong rise’ in UK consumer confidence
Consumer confidence is on the rise in the UK ahead of Christmas, the Nationwide building society has reported. The Nationwide reported that its Consumer Confidence Index had risen by 9 points in November to 101 – the largest monthly change recorded.
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Northern Ireland WeatherToday:A mild and breezy Christmas Day. Also rather cloudy but mainly dry with a few bright or sunny spells developing, more especially over parts of Antrim and County Down. Maximum temperature 12 °C.Tonight:Cloudy, mainly dry at first this evening but then occasional outbreaks of rain developing overnight. Light southwest winds, and staying mild. Minimum temperature 9 °C.
