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14/02/2005
Drop in house prices reported over Christmas period
The latest government figures have shown that overall UK house prices fell in December last year by 0.7%, compared to a 2% rise in the same period last year.
Figures published by the Office of the Deputy Prime Minister, showed that UK annual house price inflation in December 2004 was 10.7%, a drop from 13.7% in November.
The average house price in the UK in December also dropped to £178,906 from £180,126 the previous month.
The report showed that the annual inflation rate fell in almost all areas in the UK – inflation fell to 10.1% in England in December (from 13% in December), while in Wales, annual inflation fell from 24.1% in November to 20.8% the following month. Scotland also reported an inflation decrease, from 19.5% in November to 13.6% in December.
Northern Ireland was the only area where the annual inflation rate rose in December – to 16%, up from 13.5% in November.
However, the Halifax and Nationwide both reported a small rise in house prices last month of 0.8% and 0.4%, respectively.
(KMcA/SP)
Figures published by the Office of the Deputy Prime Minister, showed that UK annual house price inflation in December 2004 was 10.7%, a drop from 13.7% in November.
The average house price in the UK in December also dropped to £178,906 from £180,126 the previous month.
The report showed that the annual inflation rate fell in almost all areas in the UK – inflation fell to 10.1% in England in December (from 13% in December), while in Wales, annual inflation fell from 24.1% in November to 20.8% the following month. Scotland also reported an inflation decrease, from 19.5% in November to 13.6% in December.
Northern Ireland was the only area where the annual inflation rate rose in December – to 16%, up from 13.5% in November.
However, the Halifax and Nationwide both reported a small rise in house prices last month of 0.8% and 0.4%, respectively.
(KMcA/SP)
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UK house prices fall, report shows
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
