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News Tag: house price index

November 28, 2011

House price decline speeds up

by Jan Harris
House price decline speeds up
House prices fell at a faster rate in October than they did in the previous month, according to Land Registry figures, with the average house price dropping to £160,000. The house price index fell 3.2 per cent in October, compared with a 2.6 per cent fall in September. Although house prices in London fell by 1.6 per cent in October, it was ...




May 5, 2011

Official: house prices in steepest decline since 2009

by Gill Montia
”Official:
Latest figures from the Land Registry show house prices in England and Wales falling by 1.1% in March, marking the largest monthly decline seen since February 2009. The only region to experience a monthly rise was the North West, with an upward movement of 0.7%, while in Wales house prices tumbled by 3.3%, compared with February. On an annual basis ...




August 14, 2010

House sales doubled since January

by Gill Montia
”House
Housing market transactions increased for the second consecutive month in July, according to the LSL/Acadametrics House Price Index. The Index, which is based on every house sale in England and Wales, showed an 11% rise, to 72,100, meaning that activity has doubled since January. July also saw house prices increase for the first time in five months, with an 0.1% rise taking the value ...




June 12, 2010

Housing market “delicately poised”

by Gill Montia
”Housing
Both the number of homes sold in England and Wales and the prices achieved fell during May, according to Acadametrics. The number of properties changing hands declined by an estimated 18% from April, while the value of the average home dipped by 0.2%. On an annual basis, prices in England and Wales were 9.7% higher in May, with the value of the typical home coming ...




June 4, 2010

House prices register May dip

by Gill Montia
”House
House prices dipped by 0.4% in May, following a 0.1% decline in April, Halifax has reported. However, taking an average of the latest three months, the value of the typical home increased 6.9% on the same period of 2009, reflecting the biggest annual rate of change since October 2007 (8.9%). Prices are therefore 8.3% above their April 2009 trough, at an average £167,570, ...




House price rises slow in May

by Gill Montia
”House
Nationwide's latest house price index shows prices rising by 0.5% in May, taking the average value of a home to £169,162. The increase leaves prices just 9.5% below their 2007 market peak, although the annual rate of inflation slipped back to 9.8% in May, down from 10.5% a month earlier. Meanwhile, the more reliable three-monthly-on-three month rate of growth stood at 1.7%, up ...




April 29, 2010

House prices up 10.5% on the year

by Gill Montia
”House
House prices increased by 1% month-on-month in April, according to Nationwide's latest house price index. The annual rate of inflation moved into double digits for the first time since June 2007, to 10.5% (up from 9% in March), taking the value of the average home to £167,802 or 10% below its October 2007 peak. However, the smoother three-month-on-three-month rate of change edged ...




March 18, 2010

Official: house prices up an annual 6.2% in January

by Gill Montia
”Official:
The latest house price index from the Department for Communities and Local Government claims that in January, prices were up 6.2% year-on-year, having risen 2.2% since December. The analysis puts the value of the average UK home at £207,159 in January, having shown an increase of 4.8% over three months. The quarterly figure compares with a smaller rise of ...




October 6, 2009

House prices put on 1.6%

by Gill Montia
”House
The latest property index from Halifax shows UK house prices increasing by 1.6% in September, easing the annual rate of fall to 7.4%. Last month, the typical UK home cost £163,533, a figure similar to that recorded in mid-2005. The lender says the value of the average property rose for the third consecutive month and for the fifth month so far this year, ...




September 10, 2009

House prices up 0.8%

by Gill Montia
”House
The Halifax house price index shows the value of the average UK home increasing by 0.8% in August compared with July, to £160,973. According to the lender, prices have now improved for the second consecutive month and for four of the first eight months of 2009. The change eases the annual rate of decline to 10.1% over the three months to August. Taking another three-month-on-three-month measure, ...




April 6, 2009

RICS warns against premature optimism on house prices

by David Masters
RICS warns against premature optimism on house prices
The Royal Institution of Chartered Surveyors (RICS) has warned that it would be 'premature' to assume that house prices are on the road to recovery after figures from the Halifax house price index showed an average house price decrease of 1.9% during the month of March. Halifax's figure countered statistics released by Nationwide, whose house price data revealed an average ...




April 2, 2009

House prices up 0.9% in March

by Gill Montia
House prices up 0.9% in March
Tentative signs of a recovery in the UK housing market have been reinforced today with the Nationwide house price index showing a 0.9% month-on-month increase in the average cost of a home. According to the building society, March saw the first rise in values since October 2007, with the increase taking the annual decline in prices down from 17.6% in February to ...