Menu
28/09/2006
September house prices 'unseasonably strong'
House prices were "unseasonably strong" in September, the Nationwide has reported.
The building society's latest housing survey found that August's interest rate rise did little to cool house prices the following month.
House prices increased by 1.3%, bringing the annual rate to 8.2%. The average house price in the UK is now £169,413.
Fionnuala Earley, Nationwide's group economist, said: "Just like the weather, the housing market was unseasonably warm in September as August's interest rate hike did nothing to cool the rate of house price inflation.
"Buyer interest remains robust as estate agents continue to report strong enquiries."
However, Ms Earley said that fewer sellers were willing to put their properties on the market, which contributed price pressure on an already squeezed supply.
Strong demands from buy-to-let landlords was also helping to support the market, the Nationwide said.
The building society also suggested that more and more parents are helping their children to build up a deposit for their first home, often by remortgaging their own property.
The Nationwide said that finding a deposit was "tough", but said that it can still be cheaper to buy than rent.
(KMcA/EF)
The building society's latest housing survey found that August's interest rate rise did little to cool house prices the following month.
House prices increased by 1.3%, bringing the annual rate to 8.2%. The average house price in the UK is now £169,413.
Fionnuala Earley, Nationwide's group economist, said: "Just like the weather, the housing market was unseasonably warm in September as August's interest rate hike did nothing to cool the rate of house price inflation.
"Buyer interest remains robust as estate agents continue to report strong enquiries."
However, Ms Earley said that fewer sellers were willing to put their properties on the market, which contributed price pressure on an already squeezed supply.
Strong demands from buy-to-let landlords was also helping to support the market, the Nationwide said.
The building society also suggested that more and more parents are helping their children to build up a deposit for their first home, often by remortgaging their own property.
The Nationwide said that finding a deposit was "tough", but said that it can still be cheaper to buy than rent.
(KMcA/EF)
Related UK National News Stories
Click here for the latest headlines.
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.
02 June 2005
UK house price rise continues to level off
According to the latest survey on house prices, growth in the sector has slowed to its lowest level in almost a decade. The report from the Nationwide Building Society has revealed that house prices have risen by just 5.5% in the year ending May, the lowest year-on-year increase since August 1996.
UK house price rise continues to level off
According to the latest survey on house prices, growth in the sector has slowed to its lowest level in almost a decade. The report from the Nationwide Building Society has revealed that house prices have risen by just 5.5% in the year ending May, the lowest year-on-year increase since August 1996.
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.
27 August 2009
House Prices Continue To Rise
House prices rose across the UK by 1.6% in August according to the Nationwide. At £160,224, the average price of a typical UK property is still slightly lower than a year ago, however the annual rate of change rose further in August, from -6.2% to -2.7%.
House Prices Continue To Rise
House prices rose across the UK by 1.6% in August according to the Nationwide. At £160,224, the average price of a typical UK property is still slightly lower than a year ago, however the annual rate of change rose further in August, from -6.2% to -2.7%.
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.
-
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.
