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27/01/2011
House Prices Fall For The Seventh Month
A recent survey by a UK housing intelligence business has revealed that house prices have fallen for the seventh month in a row.
The Hometrack survey highlights how the average cost of a house in England and Wales is 2.2% lower than January last year. The average price now stands at £153,600.
As uncertainty remains over 2011 interest rates, both buyers and sellers are avoiding the market.
Estate agents have experienced a 10% decrease in those registering, accounting for a 26% drop in demand in the last six months.
Meanwhile new home sales have experienced the sharpest fall in four years, reaching 5.4%.
Mortgage approvals were also down 10% from last year.
Currently, the number of first-time buyers with a mortgage stands at less than half compared to the figures between 2000 and 2005.
(BMcN/GK)
The Hometrack survey highlights how the average cost of a house in England and Wales is 2.2% lower than January last year. The average price now stands at £153,600.
As uncertainty remains over 2011 interest rates, both buyers and sellers are avoiding the market.
Estate agents have experienced a 10% decrease in those registering, accounting for a 26% drop in demand in the last six months.
Meanwhile new home sales have experienced the sharpest fall in four years, reaching 5.4%.
Mortgage approvals were also down 10% from last year.
Currently, the number of first-time buyers with a mortgage stands at less than half compared to the figures between 2000 and 2005.
(BMcN/GK)
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29 February 2008
January House Prices Show Slight Increase
House prices in England and Wales increased by just 0.9% in January, according to the latest monthly figures from Land Registry. The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7% last month to 6.4% this month. London experienced annual price growth of 13.
January House Prices Show Slight Increase
House prices in England and Wales increased by just 0.9% in January, according to the latest monthly figures from Land Registry. The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7% last month to 6.4% this month. London experienced annual price growth of 13.
28 August 2008
House Prices Drop By 10.5%
House prices have dropped by 10.5% over the last year, according to the latest research by Nationwide Building Society. The price of a typical house has fallen to £164,654, the fastest annual rate in almost 18 years. Commenting on the figures Fionnuala Earley, Nationwide's Chief Economist, said: "The price of a typical house fell by 1.
House Prices Drop By 10.5%
House prices have dropped by 10.5% over the last year, according to the latest research by Nationwide Building Society. The price of a typical house has fallen to £164,654, the fastest annual rate in almost 18 years. Commenting on the figures Fionnuala Earley, Nationwide's Chief Economist, said: "The price of a typical house fell by 1.
30 April 2003
UK house prices stagnate
The latest house price survey has revealed that UK property prices were unchanged in April. The Nationwide building society’s latest figures put the average house price at just under £122,800, a clear sign that house price inflation has dipped dramatically.
UK house prices stagnate
The latest house price survey has revealed that UK property prices were unchanged in April. The Nationwide building society’s latest figures put the average house price at just under £122,800, a clear sign that house price inflation has dipped dramatically.
06 January 2009
House Prices Drop By 14.7%
House prices in the UK have fallen by a staggering 14.7% according to the Nationwide. Nationwide said prices fell by another 2.5% in December taking the average house price down to £153,048. The company said that prices have now fallen for 14 months and they are 18% lower than their peak in October 2007.
House Prices Drop By 14.7%
House prices in the UK have fallen by a staggering 14.7% according to the Nationwide. Nationwide said prices fell by another 2.5% in December taking the average house price down to £153,048. The company said that prices have now fallen for 14 months and they are 18% lower than their peak in October 2007.
30 May 2003
Nationwide predicts housing market fall
Nationwide predicts a marked fall in the housing market as first time buyers are stymied due to housing affordability and the squeeze on disposable incomes. Commenting on the figures, Nationwide's Group Economist Alex Bannister, said: "Annual house price inflation declined to 21.3% in May from 22.2% last month.
Nationwide predicts housing market fall
Nationwide predicts a marked fall in the housing market as first time buyers are stymied due to housing affordability and the squeeze on disposable incomes. Commenting on the figures, Nationwide's Group Economist Alex Bannister, said: "Annual house price inflation declined to 21.3% in May from 22.2% last month.
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