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27/11/2008
House Price Fall 'Beginning To Ease'
House prices are continuing to drop, but the rate at which they are falling is beginning to ease, with prices falling by just 0.4% in November, the latest survey from the Nationwide Building Society has revealed.
This month's drop compares to a fall of 1.3% in October.
The mortgage lender also said that the annual rate at which house prices fell dropped to 13.9% from November 2007, compared with a year-on-year drop of 14.6% in October.
The average house price now stands at £158,442, which is £25,000 less than a year ago. However, Nationwide said that the current figure is still £25,000 higher that they were in November 2003.
However, Nationwide's Chief Economist Fiona Earley said: "In spite of the moderation in house price falls recorded in November, with the economy in recession, conditions do not appear very favourable for a swift recovery in the housing market.
"With prices falling at their current rate, there is also little incentive for new borrowers to hurry into the market."
(KMcA)
This month's drop compares to a fall of 1.3% in October.
The mortgage lender also said that the annual rate at which house prices fell dropped to 13.9% from November 2007, compared with a year-on-year drop of 14.6% in October.
The average house price now stands at £158,442, which is £25,000 less than a year ago. However, Nationwide said that the current figure is still £25,000 higher that they were in November 2003.
However, Nationwide's Chief Economist Fiona Earley said: "In spite of the moderation in house price falls recorded in November, with the economy in recession, conditions do not appear very favourable for a swift recovery in the housing market.
"With prices falling at their current rate, there is also little incentive for new borrowers to hurry into the market."
(KMcA)
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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.
01 September 2005
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
30 January 2008
Price Fall Underlines Downward House Price Trend
It's official: House prices in England and Wales dropped by 0.4% in December, taking the average price down to £184,469. According to the latest figures from Land Registry, this is the first fall for England and Wales since August 2005 - although three regions have actually bucked the downward trend.
Price Fall Underlines Downward House Price Trend
It's official: House prices in England and Wales dropped by 0.4% in December, taking the average price down to £184,469. According to the latest figures from Land Registry, this is the first fall for England and Wales since August 2005 - although three regions have actually bucked the downward trend.
29 October 2009
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
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.
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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.
