Tag: Nationwide

Nationwide: house prices drift down

Nationwide: house prices drift down

UK house prices fell by 0.2% in April, leaving the value of the typical home down 1.3% on a year earlier, at A?165,609, according to Nationwide. The decline follows a monthly increase of 0.5% in March and the three-month-on-three-month measure, which is a better measure of the underlying trend, shows a modest year-on-year rise of […]

May 4, 2011 More
Halifax reports 0.1% rise in March house prices

Halifax reports 0.1% rise in March house prices

The Halifax has today revealed UK house prices crept up by 0.1% last month compared with February, when prices dropped 0.9%. The latest house price rise takes the average cost of a UK home to A?162,912, the Halifax said. Meanwhile, in the three months to March, prices dropped 2.9% compared with the same period a […]

April 6, 2011 More
Markit: Household finances at two-year low

Markit: Household finances at two-year low

The Markit Household Finance Index has revealed that households are at their most pessimistic about their finances since March 2009 – when the country was in the midst of recession. The gloomy report comes ahead of Wednesday’s Budget – when Chancellor George Osborne will unveil the Governmenta��s 2011/12 tax and spending plans. Meanwhile, Markit’s household […]

March 21, 2011 More
Halifax reports 0.9% fall in February house prices

Halifax reports 0.9% fall in February house prices

The Halifax has today revealed UK house prices fell by 0.9% last month compared with January, when prices rose 0.8%. The latest house price rise takes the average cost of a UK home to A?162,657, the Halifax said. Meanwhile, in the three months to February, prices dropped 2.8% on an annual basis – the fastest […]

March 4, 2011 More
Nationwide: House prices rise in February

Nationwide: House prices rise in February

The latest house price index from the Nationwide Building Society has revealed a 0.3% rise for the month of February compared with January. The latest rise, which was unexpected, means house prices are now 0.1% lower than this time last year with the average UK home costing A?161,183. However, despite the latest rise, the majority […]

March 1, 2011 More
Halifax reports 0.8% rise in house prices in January

Halifax reports 0.8% rise in house prices in January

The Halifax has today revealed UK house prices rose by 0.8% last month compared with December, when prices fell 1.3%. The latest house price rise takes the average cost of a UK home to A?164,173, the Halifax said. According to the lender, which is part of the Lloyds Banking Group, house prices are now 2.4% […]

February 4, 2011 More
BoE: Mortgage approvals slump in December

BoE: Mortgage approvals slump in December

The Bank of England has today revealed mortgage approvals slumped in December – to the lowest level since March 2009 – when the economy was in the midst of recession. According to the Bank, there were 42,563 loans approved in the month, down from Novembera��s 47,287 approvals. Decembera��s figure was also way below analysts forecast […]

February 1, 2011 More
Nationwide: House prices dip in  January

Nationwide: House prices dip in January

The latest house price index from the Nationwide Building Society has revealed a 0.1% fall for the month of January compared with December. The latest fall means house prices are now 1.1% lower than this time last year with the average UK home costing A?161,600. According to Nationwidea��s chief economist Robert Gardner, the outlook remains […]

UK consumer confidence bounces back

UK consumer confidence bounces back

The latest survey from the Nationwide Building Society has revealed an improvement in UK consumer confidence for the month of December after three months of falls. The building societya��s consumer confidence index rose to 53 in December, up from 45 in November – which represented the lowest reading since March 2009 – when the economy […]

January 18, 2011 More
Halifax reports 1.3% fall in house prices in December

Halifax reports 1.3% fall in house prices in December

The Halifax has today revealed UK house prices fell by 1.3% last month compared with November. The latest house price fall takes the average cost of a UK home to A?162,435, the Halifax said. According to the lender, which is part of the Lloyds Banking Group, house prices are now 1.6% lower than a year […]

January 10, 2011 More
House prices up just 0.4% on year

House prices up just 0.4% on year

The latest house price index from the Nationwide Building Society has revealed a 0.4% rise for the month of December compared with November. The latest rise means house prices are now just 0.4% higher than this time last year with the average UK home costing A?162,763. Commenting on the figures, Nationwidea��s chief economist Martin Gahbauer, […]

December 31, 2010 More
Statistician recommends single house price index

Statistician recommends single house price index

National Statistician Jil Matheson is recommending a single headline measure of house prices be introduced. Ms Matheson, the Government’s chief adviser on official statistics, conducted a review into official housing data following concerns from people who monitor house prices from various indices. Currently, there are two official house price indexes, one published by the Land […]

December 16, 2010 More
Halifax reports 0.1% fall in house prices in November

Halifax reports 0.1% fall in house prices in November

The Halifax has today revealed UK house prices fell by 0.1% last month compared with October. The latest house price fall takes the average cost of a UK home to A?164,708, the Halifax said. According to the lender, which is now part of the Lloyds Banking Group, buyer demand continues to be weak amid economic […]

December 9, 2010 More
Nationwide: House prices continue downward trend

Nationwide: House prices continue downward trend

The latest house price index from the Nationwide Building Society has revealed a 0.3% fall for the month of November compared with October – the fourth time in five months that prices registered a fall. The latest fall means house prices are now just 0.4% higher than this time last year with the average UK […]

December 1, 2010 More
Nationwide first-half profits up 26%

Nationwide first-half profits up 26%

Britaina��s largest building society, Nationwide, has today posted a surge in first half profits. Nationwide said pre-tax profits for the six months to September 30 were A?147 million, up from A?117 million in the same period a year ago. The company, which is the country’s second-biggest mortgage lender, added that bad debts dropped by 44% […]

November 23, 2010 More
Rics provides gloomy outlook for housing market

Rics provides gloomy outlook for housing market

The Royal Institution of Chartered Surveyors (Rics) today reported the lack of buyers continue to weaken house prices. In its latest survey, it found that new buyer enquiries declined for the fifth month in a row as the housing market continued to slow amid the uncertain economic climate. Many potential buyers have said they remain […]

November 9, 2010 More
Halifax reports 1.8% rise in house prices in October

Halifax reports 1.8% rise in house prices in October

The Halifax has today revealed UK house prices rose by 1.8% last month, following a 3.6% fall in September. The latest house price rise takes the average cost of a UK home to A?164,919, the Halifax said. According to the lender, the monthly increase was three times faster than expected and means house prices are […]

November 4, 2010 More
Nationwide: House prices slide 0.7% in October

Nationwide: House prices slide 0.7% in October

The latest house price index from the Nationwide Building Society has revealed a 0.7% fall for the month of October compared with September. The latest house price gain means the annual rate of house price inflation fell to 1.4%, down from 3.1% in September, with the average UK home costing A?164,381. Meanwhile, the three-month-on-three-month rate […]

October 28, 2010 More
UK consumer confidence plunges in September

UK consumer confidence plunges in September

The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of September. The building societya��s consumer confidence index plunged 9 points to 53 in September – its lowest level in over a year. Commenting on the survey, Nationwide chief economist Martin Gahbauer, said the forthcoming spending […]

October 13, 2010 More
Halifax reports 3.6% fall in house prices in September

Halifax reports 3.6% fall in house prices in September

The Halifax has today revealed UK house prices fell by a record 3.6% in September compared with August. The latest house price fall takes the average cost of a UK home to A?162,096, the Halifax said. According to the lender, the monthly decline was the biggest since records began in 1983. However, it is still […]

October 7, 2010 More