Menu
14/03/2005
Fall in house prices reported in January
House prices in the UK fell by 0.1% in January, figures released by the Office of the Deputy Prime Minister (ODPM) have revealed.
The report showed that the price of detached houses fell by 0.5% while semi-detached house prices also fell by 0.1%. However, the price of terraced houses and flats rose slightly, each by 0.3%.
The report found that the average price of a house in the UK fell slightly to £178,796 in January, from £178,906 in December.
The average price of a house in England in January was recorded at £190,611, compared with £140,920 in Wales, £116,467 in Scotland and £119,413 in Northern Ireland.
UK annual house price inflation also fell in January to 10%, a drop of 0.7% from the previous month. Annual inflation rates fell in most areas, the figures showed, except for Wales where there was a slight increase to 21.3%, compared to 20.8% in December.
The highest rates of inflation remained in the North West (19%), the North East (17.5%) and Yorkshire and the Humber (15.2%). Inflation was below 10% in both the East and South East.
London reported the lowest inflation rise – from 3% in December to 5% in January – which was attributed to a rise in prices between December and January this year, compared to a fall over the same period last year.
(KMcA/SP)
The report showed that the price of detached houses fell by 0.5% while semi-detached house prices also fell by 0.1%. However, the price of terraced houses and flats rose slightly, each by 0.3%.
The report found that the average price of a house in the UK fell slightly to £178,796 in January, from £178,906 in December.
The average price of a house in England in January was recorded at £190,611, compared with £140,920 in Wales, £116,467 in Scotland and £119,413 in Northern Ireland.
UK annual house price inflation also fell in January to 10%, a drop of 0.7% from the previous month. Annual inflation rates fell in most areas, the figures showed, except for Wales where there was a slight increase to 21.3%, compared to 20.8% in December.
The highest rates of inflation remained in the North West (19%), the North East (17.5%) and Yorkshire and the Humber (15.2%). Inflation was below 10% in both the East and South East.
London reported the lowest inflation rise – from 3% in December to 5% in January – which was attributed to a rise in prices between December and January this year, compared to a fall over the same period last year.
(KMcA/SP)
Related UK National News Stories
Click here for the latest headlines.
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.
04 May 2011
House Prices Continue To Fall
The North East of England has experienced the greatest annual price fall in house value as the March data from Land Registry's House Price Index revealed an annual price decrease of 2.3% which takes the average property value in England and Wales to £160,996. The monthly change from February to March is a decrease of 1.1%.
House Prices Continue To Fall
The North East of England has experienced the greatest annual price fall in house value as the March data from Land Registry's House Price Index revealed an annual price decrease of 2.3% which takes the average property value in England and Wales to £160,996. The monthly change from February to March is a decrease of 1.1%.
13 August 2007
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
12 December 2005
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
12 April 2005
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
-
Northern Ireland WeatherThis Evening and Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 7 °C.
