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News Tag: UK house prices

December 6, 2012

Little change in house prices next year says Halifax

by Jan Harris
Little change in house prices next year says Halifax
The Halifax reported a 1 per cent monthly rise in house prices in November to £160,879 but says the housing market is 'more unclear than usual'. According to the lender’s figures, average house prices across the UK have been on a downward trend for the past six months. Compared with the previous year, prices have fallen 1.3 per cent and ...




November 29, 2012

House prices stable says Nationwide

by Jan Harris
House prices stable says Nationwide
The average price of a house remained at just under £164,000 in November, the same as the previous month but 1.2 per cent lower than in November last year. The average house price is now 12 per cent lower than it was in October 2007 when it peaked at £186,044. The figures from the Nationwide’s latest monthly survey reflect a fall in unemployment ...




November 6, 2012

Halifax reports fall in house prices

by Jan Harris
Halifax reports fall in house prices
House prices in the three months to October fell by 1.2 per cent compared with the previous three months, the Halifax said. According to the Halifax House Price Index, the average house price fell to £158,426 in October 2012, a fall of 0.7 per cent compared with the previous month, and 1.7 per cent lower than the average house ...




October 2, 2012

Nationwide suggests house prices will remain flat

by Jan Harris
Nationwide suggests house prices will remain flat
Nationwide building society has reported a 0.4 per cent fall in house prices in September, following a rise of 1.1 per cent in the previous month. However, the building society suggests that the annual rate of house price change is a more accurate indication of the state of the housing market, as monthly figures have been affected by factors such as ...




August 6, 2012

Average house price falls to £161,000

by Jan Harris
Average house price falls to £161,000
House prices fell in July, to an average of £161,094 across the country, after increasing in the previous two months. Prices fell by 0.6 per cent in July, compared with the previous month, according to the Halifax House Price Index. Average prices are also 0.6 per cent lower compared with July 2011, the Halifax said. The bank expects prices to remain at ...




August 1, 2012

House price fall accelerates in July

by Jan Harris
House price fall accelerates in July
Nationwide building society reported a faster fall in house prices in July, as the economy continues to falter. House prices fell by 0.7 per cent in July, the fourth time they have declined in five months, and the fastest fall in three years. The average house price is now £164,389, 2.6 per cent lower than a year ago. Nationwide attributed falling ...




July 30, 2012

London and south east affected by house price slump

by Jan Harris
House prices fall in London and south east
The fall in property prices has now extended to London and south east England, according to the latest figures from property analytics company Hometrack. Hometrack’s figures for July how that overall house prices fell by 0.1 per cent, representing the first fall in seven months. Compared with June, the number of new homes coming on to the market increased by ...




July 16, 2012

Rightmove reports fall in house prices

by Jan Harris
Rightmove reports fall in house prices
Property website Rightmove recorded a drop in the average asking price for residential property this month, representing the first fall since January. Average prices have fallen by 1.7 per cent, a drop of £4,138, with demand low due to the wet weather deterring potential buyers from viewing properties. The website also blamed the Olympics for distracting people’s focus away from moving. There ...




July 2, 2012

House prices stall and could fall

by Jan Harris
House prices stall and could fall
House price growth stalled in June according to new figures from property analyst Hometrack. New buyer registrations were 0.5 per cent lower in June, the first time they have fallen on a month-on-month basis, for the past five months. Supply continued to increase, causing prices to fall even further. The only place which saw an increase in house prices last month ...




January 6, 2012

House prices down 1.3% in 2011

by Jan Harris
House prices down 1.3% in 2011
Mortgage lender the Halifax claims that house prices fell by 1.3 per cent last year to an average of £160,063, their lowest level since July 2009. According to the Halifax House Price Index, house prices fell 0.9 per cent in December, compared with the previous month. Although prices rose in the third quarter of 2010, they fell by 0.1 per ...




December 1, 2011

Housing Market to improve in 2013

by Jan Harris
Housing Market to improve in 2013
The housing market is expected to improve strongly in 2013-14, with a 20 per cent increase in transactions, the Office for Budget Responsibility (OBR) said yesterday. An upward trend is expected to start developing in 2012-13, when 1.5 per growth is expected, according to the OBR’s forecasts which accompanied the chancellor's Autumn Statement. Recent figures from HM Revenue & Customs show that 5 ...




May 6, 2011

House prices to fall till 2015

by Gill Montia
”House
A new report from a leading think-tank is predicting that UK house prices will fall by 4.5% in 2011, followed by an average 1.5% fall in each of the subsequent four years. According to the National Institute of Economic and Social Research (NIESR), this year's decline will reflect the squeeze on household finances resulting from higher taxes and rising inflation, and will ...




May 4, 2011

Nationwide: house prices drift down

by Gill Montia
”Nationwide:
UK house prices fell by 0.2% in April, leaving the value of the typical home down 1.3% on a year earlier, at £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 0.6%. The lender's chief economist, Robert Gardner, points out ...




September 14, 2010

RICS: house prices slipping

by Gill Montia
”RICS:
Surveyors are feeling less optimistic about UK house prices, with more respondents to the Royal Institution of Chartered Surveyors' (RICS) August survey expecting prices to fall, rather than rise, over the next three months. However, RICS spokesman, Jeremy Leaf, points out that while prices in many parts of the country may be slipping, sales levels could begin to pick up as a result. According to ...




September 8, 2010

House prices stable in August

by Gill Montia
”House
UK house prices rose by 0.2% in August, following on from a 0.6% increase in July, according to Halifax. Much of the decline seen in the three preceding months has now been reversed, leaving the annual rate of inflation at 4.6%, slightly below the 4.9% measured in July. With the typical value of a home at £167,953, prices are now at similar levels to ...




September 2, 2010

Nationwide: house prices fall for second month in a row

by Gill Montia
”Nationwide:
UK house prices saw their second consecutive monthly fall in August, according to Nationwide. The lender recorded a 0.9% decline in the average value of a home, following a 0.5% month-on-month fall in July. The annual rate of inflation remained in positive territory at 3.9% but was down sharply, from 6.6% in July and 8.7% in June, and the ...




August 4, 2010

Halifax: house prices up 0.6% in July

by Gill Montia
”Halifax:
Halifax has reported that UK house prices increased by 0.6% in July, reversing a fall of 0.6% in June. Prices were 4.9% higher year-on-year, having lost ground on a month earlier when the annual rate of growth registered at 6.3%. At £167,425, the value of the average home stood 8.3% above its April 2009 trough but 16% below its August 2007 ...




July 29, 2010

Nationwide: house prices down 0.5%

by Gill Montia
”Nationwide:
UK house prices fell back in July, for the first time since February, as buyer demand remained weak. According to Nationwide, the average value of a home declined by 0.5%, to £169,347, taking the annual rate of inflation down to 6.6%, compared with 8.7% in June. The lender notes that the sizeable drop is due in part to the strength of house price ...




July 28, 2010

House prices back to 2006 levels

by Gill Montia
”House
New figures from the Land Registry show house prices in England and Wales back to summer 2006 levels, having risen by 0.1% in June, compared with May. Last month, the typical home sported an annual gain of 8.4%, taking the average house price to £166,072. All ten regions of England and Wales experienced annual rises, with London leading the way at 12.2% and ...




July 8, 2010

House prices lose 0.6% in June

by Gill Montia
”House
UK house prices fell by 0.6% in June, following a similar decline in May, Halifax has reported. The average value of a home stood at £166,203, with the annual rate of gain easing back to 6.3%, compared with 6.9% in May. That being said, prices in the April to June quarter were largely unchanged compared with the first three months of the year, ...