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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 WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
