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06/09/2013
Bank Reports Five-Year High In Housing Market
House prices in the UK have increased by 5.4% in the year to August, reaching its highest rate since June 2010.
The news comes in the latest house price survey carried out by the Halifax.
In their report, it shows that house prices peaked above £170,000 for the first time in five years. Halifax credit the increase to the improving economy, low interest-rates and government-backed schemes such as Help to Buy.
Comparing reports, the Nationwide said earlier this month that they had recorded a 3.5% increase in the housing market in August, slightly lower than in July.
However, the two financial institutions measure the same market slightly differently. Halifax look at a three-month period and compare it to the same three-month period a year previously. Nationwide, take just one month and compare that with its equivalent from a year before.
(MH/JP)
The news comes in the latest house price survey carried out by the Halifax.
In their report, it shows that house prices peaked above £170,000 for the first time in five years. Halifax credit the increase to the improving economy, low interest-rates and government-backed schemes such as Help to Buy.
Comparing reports, the Nationwide said earlier this month that they had recorded a 3.5% increase in the housing market in August, slightly lower than in July.
However, the two financial institutions measure the same market slightly differently. Halifax look at a three-month period and compare it to the same three-month period a year previously. Nationwide, take just one month and compare that with its equivalent from a year before.
(MH/JP)
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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.
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.
07 June 2005
House prices remain ‘broadly unchanged’
House prices fell by 0.6% in May, the Halifax has announced, although prices are “broadly unchanged” so far this year, falling by just 0.1% in the first five months of 2005. As a result of the latest figures, the Halifax is predicting a “modest decline” of 2% in house prices this year, across the UK.
House prices remain ‘broadly unchanged’
House prices fell by 0.6% in May, the Halifax has announced, although prices are “broadly unchanged” so far this year, falling by just 0.1% in the first five months of 2005. As a result of the latest figures, the Halifax is predicting a “modest decline” of 2% in house prices this year, across the UK.
05 April 2005
House prices rise following March dip
House prices increased by 0.5% in March, the Halifax has reported, offsetting the 0.5% fall in February. There has been "virtually no change" in UK house prices since last September.
House prices rise following March dip
House prices increased by 0.5% in March, the Halifax has reported, offsetting the 0.5% fall in February. There has been "virtually no change" in UK house prices since last September.
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.
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