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31/05/2012
UK House Prices Edge Up By 0.3% In May
The price of a typical UK house rose by 0.3% according to the latest Nationwide House Price Index.
The price of typical home now stands at £166,022, but are 0.7%lower compared to last year.
Robert Gardner, Nationwide's Chief Economist, said: "The Nationwide House Price Index has reached an important milestone; it was first produced in 1952, and has therefore run for the Queen's entire reign. According to our data the average UK house price has increased from £1,891 to £166,022 during the Queen's reign, that's almost an 88 fold increase over the 60 year period, while the cost of goods and services have recorded a more modest 25 fold increase.
"Dramatic increases might be expected over such a long timeframe, but over the last eighteen months, house prices have been fairly stable, despite the challenging economic backdrop."
(CD/GK)
The price of typical home now stands at £166,022, but are 0.7%lower compared to last year.
Robert Gardner, Nationwide's Chief Economist, said: "The Nationwide House Price Index has reached an important milestone; it was first produced in 1952, and has therefore run for the Queen's entire reign. According to our data the average UK house price has increased from £1,891 to £166,022 during the Queen's reign, that's almost an 88 fold increase over the 60 year period, while the cost of goods and services have recorded a more modest 25 fold increase.
"Dramatic increases might be expected over such a long timeframe, but over the last eighteen months, house prices have been fairly stable, despite the challenging economic backdrop."
(CD/GK)
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31 October 2013
UK House Prices Continue To Increase
A new survey has said house prices in the UK are now 5.8% higher than this time last year. The latest study by Nationwide said prices increased by 1% in October to bring the average price of a home to £173,678.
UK House Prices Continue To Increase
A new survey has said house prices in the UK are now 5.8% higher than this time last year. The latest study by Nationwide said prices increased by 1% in October to bring the average price of a home to £173,678.
29 March 2012
UK House Prices Drop By 1% In March
The price of a typical UK house declined by 1% in March, according to Nationwide. The cost of a typical house is £163,327, 0.9% lower than a year ago.
UK House Prices Drop By 1% In March
The price of a typical UK house declined by 1% in March, according to Nationwide. The cost of a typical house is £163,327, 0.9% lower than a year ago.
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.
07 September 2005
Halifax reports house prices rise
House prices rose by 1.6% in August, the UK’s biggest mortgage lender, has reported. However, the Halifax warned that the rise could be temporary, boosted by the recent interest rates cuts by the Bank of England. The price rise in August followed a modest 0.4% increase in July and was the biggest monthly rise since September 2004.
Halifax reports house prices rise
House prices rose by 1.6% in August, the UK’s biggest mortgage lender, has reported. However, the Halifax warned that the rise could be temporary, boosted by the recent interest rates cuts by the Bank of England. The price rise in August followed a modest 0.4% increase in July and was the biggest monthly rise since September 2004.
30 June 2010
UK House Prices Rise By 0.1%
House prices rose by 0.1% in June according to the latest report by Nationwide. The annual rate of house price inflation dropped for the second consecutive month from 9.8% to 8.7%, with the average UK home costing £170,111.
UK House Prices Rise By 0.1%
House prices rose by 0.1% in June according to the latest report by Nationwide. The annual rate of house price inflation dropped for the second consecutive month from 9.8% to 8.7%, with the average UK home costing £170,111.
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