Menu
05/04/2005
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.
According to the latest figures from the Halifax House Price Index, the annual rate of house price inflation has continued to slow, dropping below 10% in March for the first time since November 2001, to 9.7%.
The figures showed that the strongest gains in house prices were seen outside of England, with prices rising by 3.1% in Northern Ireland and 2.4% in Wales.
Scotland reported the highest percentage rise in prices, 6.1%, taking the average price of a house in Scotland to £105,397 – the first time the price has risen above £100,000 in the first quarter of 2005.
The average house price fell in the first quarter in the South West (-1.2%), East Anglia (-0.9%) and the North (-0.6%).
There was a 0.1% rise in prices in London, which the Halifax said indicated that the market in London may be stabilising, following two previous successive quarterly declines. However, the capital still had the highest prices, with an average house price of £241,918.
Commenting on the figures, Martin, Chief Economist for the Halifax said: "The increase in interest rates between November 2003 and August 2004 and the difficulties facing potential first-time buyers in purchasing a property has caused the housing market to slow since mid 2004. The ongoing good health of the UK economy and the associated strength of the labour market, together with historically low interest rates and a shortage of housing supply, however, appear to be limiting the extent of the downturn. There are increasing signs that activity levels are now stabilising and house prices are broadly static at a national level."
(KMcA/GB)
There has been "virtually no change" in UK house prices since last September.
According to the latest figures from the Halifax House Price Index, the annual rate of house price inflation has continued to slow, dropping below 10% in March for the first time since November 2001, to 9.7%.
The figures showed that the strongest gains in house prices were seen outside of England, with prices rising by 3.1% in Northern Ireland and 2.4% in Wales.
Scotland reported the highest percentage rise in prices, 6.1%, taking the average price of a house in Scotland to £105,397 – the first time the price has risen above £100,000 in the first quarter of 2005.
The average house price fell in the first quarter in the South West (-1.2%), East Anglia (-0.9%) and the North (-0.6%).
There was a 0.1% rise in prices in London, which the Halifax said indicated that the market in London may be stabilising, following two previous successive quarterly declines. However, the capital still had the highest prices, with an average house price of £241,918.
Commenting on the figures, Martin, Chief Economist for the Halifax said: "The increase in interest rates between November 2003 and August 2004 and the difficulties facing potential first-time buyers in purchasing a property has caused the housing market to slow since mid 2004. The ongoing good health of the UK economy and the associated strength of the labour market, together with historically low interest rates and a shortage of housing supply, however, appear to be limiting the extent of the downturn. There are increasing signs that activity levels are now stabilising and house prices are broadly static at a national level."
(KMcA/GB)
Related UK National News Stories
Click here for the latest headlines.
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.
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.
16 January 2007
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
29 February 2008
January House Prices Show Slight Increase
House prices in England and Wales increased by just 0.9% in January, according to the latest monthly figures from Land Registry. The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7% last month to 6.4% this month. London experienced annual price growth of 13.
January House Prices Show Slight Increase
House prices in England and Wales increased by just 0.9% in January, according to the latest monthly figures from Land Registry. The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7% last month to 6.4% this month. London experienced annual price growth of 13.
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.
-
Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
