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27/08/2009
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%.
Martin Gahbauer, Nationwide's Chief Economist, believes lower interest rates have played a part in reversing the downward pressure on house prices.
Mr Gahbauer said: "Even though house prices remain high relative to earnings, the fall in interest rates has improved the affordability of mortgages for those looking to buy a home. This helps to explain the strong rise in new buyer enquiries reported by estate agents for most of 2009. Although not all of these enquiries are turning into sales, house purchase transactions have continued to slowly increase from the record lows reached in late 2008."
(CD/BMcC)
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%.
Martin Gahbauer, Nationwide's Chief Economist, believes lower interest rates have played a part in reversing the downward pressure on house prices.
Mr Gahbauer said: "Even though house prices remain high relative to earnings, the fall in interest rates has improved the affordability of mortgages for those looking to buy a home. This helps to explain the strong rise in new buyer enquiries reported by estate agents for most of 2009. Although not all of these enquiries are turning into sales, house purchase transactions have continued to slowly increase from the record lows reached in late 2008."
(CD/BMcC)
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13 August 2007
House Prices Rise By 12% In June
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30 June 2010
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10 June 2008
House Prices Continue To Fall
The housing market is offering little comfort for homeowners as house prices continue to fall. For many with mortgages, the value that has been borrowed could be greater than the value of the property.
House Prices Continue To Fall
The housing market is offering little comfort for homeowners as house prices continue to fall. For many with mortgages, the value that has been borrowed could be greater than the value of the property.
01 December 2009
House Prices Rise By 0.5%
House prices rose by 0.5% in November, the same rate as in October, according to a new Nationwide report. At £162,764, the average house price is at a similar level to where it was in early 2006. This suggests that house prices are rising at a more moderate rate than in the spring and summer months.
House Prices Rise By 0.5%
House prices rose by 0.5% in November, the same rate as in October, according to a new Nationwide report. At £162,764, the average house price is at a similar level to where it was in early 2006. This suggests that house prices are rising at a more moderate rate than in the spring and summer months.
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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.
