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05/07/2012
Survey Shows 1% Rise In House Prices
A new survey has revealed that UK house prices rose by 1% in June compared with the previous month, but remained lower than a year earlier.
The UK housing market has been relatively stagnant in recent times owing to nervousness about the economy.
The Halifax, now part of the Lloyds Banking Group, said that the price of the average home was 0.5% lower than a year ago.
This valued the average property in the UK at £162,417, the lender said.
The survey, which is based on the Halifax's mortgage data, has registered as many monthly price falls as price rises this year.
The fluctuation is due in part to the low levels of activity in the housing market.
The three-month on three-month change, seen as a less volatile measure of property prices, showed a 0.3% drop in June.
The annual change in prices has mostly been reflected by figures produced by the rival Nationwide Building Society.
(H)
The UK housing market has been relatively stagnant in recent times owing to nervousness about the economy.
The Halifax, now part of the Lloyds Banking Group, said that the price of the average home was 0.5% lower than a year ago.
This valued the average property in the UK at £162,417, the lender said.
The survey, which is based on the Halifax's mortgage data, has registered as many monthly price falls as price rises this year.
The fluctuation is due in part to the low levels of activity in the housing market.
The three-month on three-month change, seen as a less volatile measure of property prices, showed a 0.3% drop in June.
The annual change in prices has mostly been reflected by figures produced by the rival Nationwide Building Society.
(H)
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According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
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 November 2008
UK House Prices Drop By Record 14.9%
British house prices have fallen by a record 14.9% over the past 12 months, according to the latest survey by the UK's biggest mortgage lender. The Halifax house price survey showed house prices fell by another 2.
UK House Prices Drop By Record 14.9%
British house prices have fallen by a record 14.9% over the past 12 months, according to the latest survey by the UK's biggest mortgage lender. The Halifax house price survey showed house prices fell by another 2.
03 June 2010
House Prices Rise By 0.5%
House prices continued to rise by 0.5% in May, according to the latest survey by Nationwide. The average house price is £169,162, which is £15,000 higher than this time last year.
House Prices Rise By 0.5%
House prices continued to rise by 0.5% in May, according to the latest survey by Nationwide. The average house price is £169,162, which is £15,000 higher than this time last year.
18 May 2010
UK Inflation Soars To 17-Month High
UK inflation reached a 17 month high in April, according to official figures. The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in March. The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
UK Inflation Soars To 17-Month High
UK inflation reached a 17 month high in April, according to official figures. The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in March. The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
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