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29/04/2004
UK house prices still rising
The housing boom in the UK has continued throughout April, with house prices rising by more than £100, according to a leading building society.
Nationwide, the UK’s largest building society, said that UK house prices increased by 2.1% during the month, compared to a 1.4% increase in March.
This rise means that the average price of a house in Britain is now £145,918, 18.9% higher than the in the same time period last year.
Last month, Nationwide raised its 2004 house growth price forecast from 9% to 15%. House prices have already risen by more than 7% since the beginning of the year, but Nationwide said that it expected the market to “naturally cool” in the second half of the year, as the impact of interest rates kicked in.
However, the surging rate of house prices has made buying a property simply too expensive for many first-time buyers. The number of properties sold remained high during February this year, at 117,000, but of that number, only 28,000 were first-time buyers.
Nationwide said that it expects the number of first-time buyers to reach 350,000 in 2004, well beneath the figure of 521,000 in 2002. The building society said that it was existing borrowers who were behind the market’s momentum.
The report is expected to increase pressure on the Bank of England to raise interest rates when the Monetary Policy Committee meets again next week.
(KmcA)
Nationwide, the UK’s largest building society, said that UK house prices increased by 2.1% during the month, compared to a 1.4% increase in March.
This rise means that the average price of a house in Britain is now £145,918, 18.9% higher than the in the same time period last year.
Last month, Nationwide raised its 2004 house growth price forecast from 9% to 15%. House prices have already risen by more than 7% since the beginning of the year, but Nationwide said that it expected the market to “naturally cool” in the second half of the year, as the impact of interest rates kicked in.
However, the surging rate of house prices has made buying a property simply too expensive for many first-time buyers. The number of properties sold remained high during February this year, at 117,000, but of that number, only 28,000 were first-time buyers.
Nationwide said that it expects the number of first-time buyers to reach 350,000 in 2004, well beneath the figure of 521,000 in 2002. The building society said that it was existing borrowers who were behind the market’s momentum.
The report is expected to increase pressure on the Bank of England to raise interest rates when the Monetary Policy Committee meets again next week.
(KmcA)
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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.
27 November 2008
House Price Fall 'Beginning To Ease'
House prices are continuing to drop, but the rate at which they are falling is beginning to ease, with prices falling by just 0.4% in November, the latest survey from the Nationwide Building Society has revealed. This month's drop compares to a fall of 1.3% in October.
House Price Fall 'Beginning To Ease'
House prices are continuing to drop, but the rate at which they are falling is beginning to ease, with prices falling by just 0.4% in November, the latest survey from the Nationwide Building Society has revealed. This month's drop compares to a fall of 1.3% in October.
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.
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.
02 October 2008
House Prices Fall By 1.7%
UK house prices dropped by 1.7% in September leaving the average property costing £161,797 according to figures by the Nationwide Building Society. Overall house prices have fallen 12.4% in a year, however Nationwide said prices will continue to drop in short term but longer prospects are more sound.
House Prices Fall By 1.7%
UK house prices dropped by 1.7% in September leaving the average property costing £161,797 according to figures by the Nationwide Building Society. Overall house prices have fallen 12.4% in a year, however Nationwide said prices will continue to drop in short term but longer prospects are more sound.
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