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28/03/2013
UK House Prices Increase
Latest figures from the Nationwide have revealed UK house prices in March increased by 0.8% when compared to a year earlier.
The building society added that this was the first annual increase since February 2012.
Prices for March remained unchanged compared with the previous month.
The survey found the average cost of a UK home is now worth £164,630.
Nationwide said demand from buyers had been helped due to lower mortgage costs and a better job market, but said the outlook was "unusually certain".
On a three-month-by-three-month comparison, prices increased by 0.2% over the past year.
Robert Gardner, Nationwide's Chief Economist, said: "In recent months, buyer demand has been supported by healthy rates of employment growth, as well as the Funding for Lending Scheme, which has helped to reduce mortgage costs and increase credit availability."
In separate findings, the Land Registry has said prices in England and Wales rose by 1% over the last year, with London seeing the sharpest increase with 6.3%.
Yorkshire and Humberside saw the biggest annual fall, with prices dropping by 0.9%
(JP/CD)
The building society added that this was the first annual increase since February 2012.
Prices for March remained unchanged compared with the previous month.
The survey found the average cost of a UK home is now worth £164,630.
Nationwide said demand from buyers had been helped due to lower mortgage costs and a better job market, but said the outlook was "unusually certain".
On a three-month-by-three-month comparison, prices increased by 0.2% over the past year.
Robert Gardner, Nationwide's Chief Economist, said: "In recent months, buyer demand has been supported by healthy rates of employment growth, as well as the Funding for Lending Scheme, which has helped to reduce mortgage costs and increase credit availability."
In separate findings, the Land Registry has said prices in England and Wales rose by 1% over the last year, with London seeing the sharpest increase with 6.3%.
Yorkshire and Humberside saw the biggest annual fall, with prices dropping by 0.9%
(JP/CD)
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17 April 2012
UK House Prices Rise
In the year to February 2012, UK house prices increased by 0.3 per cent, according to the Office of National Statistics (ONS). The average UK mix-adjusted house price was £224,473. Average house prices increased in both England and Scotland by 0.4 per cent and 1.1 per cent respectively.
UK House Prices Rise
In the year to February 2012, UK house prices increased by 0.3 per cent, according to the Office of National Statistics (ONS). The average UK mix-adjusted house price was £224,473. Average house prices increased in both England and Scotland by 0.4 per cent and 1.1 per cent respectively.
31 May 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.
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.
12 October 2010
UK Inflation Remains At Current Rate
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%.
UK Inflation Remains At Current Rate
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%.
01 November 2005
House prices ‘rebound’ in October
House prices increased by 1.3% in October, according to the latest figures from the Nationwide building society. The increase reverses the falls seen in August and September, bringing the annual growth rate to 3.3%. Nationwide said that August’s interest rate cut – from 4.75% to 4.5% - seemed to be the key to the boost and activity in prices.
House prices ‘rebound’ in October
House prices increased by 1.3% in October, according to the latest figures from the Nationwide building society. The increase reverses the falls seen in August and September, bringing the annual growth rate to 3.3%. Nationwide said that August’s interest rate cut – from 4.75% to 4.5% - seemed to be the key to the boost and activity in prices.
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.
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