|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    19th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Property News feed Property News

Mortgage News feed Mortgage News

All Financial News feed All Financial News




House price growth slows in January

Bookmark and Share

by Elaine Frei

House price growth slows in January

The Royal Institution of Chartered Surveyors reported on Thursday that 28 percent more surveyors reported a rise in house prices in January. In December, 36.6 percent of surveyors reported higher prices, making January the fourth month in a row of slower growth in the price of houses. The new figures reinforce recent data from the Bank of England that showed fewer mortgage approvals recently.

Best growth came in London and in the south of England. The housing market in Scotland and Northern Ireland also remain active, but gains in prices have slowed down significantly in the north of England and in the Midlands. Prices are said to be remaining as high as they are because supply is low.

Enquiries from new buyers was also down in the first month of the year, and this decline is expected to continue in the foreseeable future. Gains in the UK interest rate was cited as one reason why fewer people are looking to buy a house.

Discuss this in the Finance Markets forums

Story link: House price growth slows in January



News posted: February 15, 2007

Financial Services:





Related financial stories to: House price growth slows in January:
Previous: «
Next: »

Visited 1737 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.