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05/08/2009
House Prices Rise By 1.1%
House prices rose by 1.1% in July, the second rise in the last three months, according to figures from Halifax.
The average price of a house is now £159,623, 12.1% lower than the same time last year, but only 0.8% lower than at the beginning of 2009.
So far this year, house prices have fallen by less than 1%.
Martin Ellis, Housing Economist, said: "Demand for homes has risen, albeit from a very low base, since the start of the year, driven by improvements in affordability and low interest rates. Higher demand has combined with the low levels of property available for sale to boost sales activity from exceptionally low levels and support prices over the past few months."
Figures reported last week from the Nationwide also showed a 1.3% rise in July.
(CD/KMcA)
The average price of a house is now £159,623, 12.1% lower than the same time last year, but only 0.8% lower than at the beginning of 2009.
So far this year, house prices have fallen by less than 1%.
Martin Ellis, Housing Economist, said: "Demand for homes has risen, albeit from a very low base, since the start of the year, driven by improvements in affordability and low interest rates. Higher demand has combined with the low levels of property available for sale to boost sales activity from exceptionally low levels and support prices over the past few months."
Figures reported last week from the Nationwide also showed a 1.3% rise in July.
(CD/KMcA)
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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.
30 June 2009
House Prices Rise In June
House prices rose by 0.9% in June, building upon the improving trend seen over the last several months, according to Nationwide. At £156,442, the average house price across the UK was still 9.3% lower than last year, however this is the first time since July 2008 that the year-on-year fall has been in single digits.
House Prices Rise In June
House prices rose by 0.9% in June, building upon the improving trend seen over the last several months, according to Nationwide. At £156,442, the average house price across the UK was still 9.3% lower than last year, however this is the first time since July 2008 that the year-on-year fall has been in single digits.
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.
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%.
03 June 2010
House Prices Rise By 0.5%
House prices continued to rise by 0.5% in May, according to the latest survey by Nationwide. The average house price is £169,162, which is £15,000 higher than this time last year.
House Prices Rise By 0.5%
House prices continued to rise by 0.5% in May, according to the latest survey by Nationwide. The average house price is £169,162, which is £15,000 higher than this time last year.
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