When the broader economic conditions of high interest rates andhouse pricescosting many multiples of wages are considered, the price increase demonstrates resilience in the sector, the lender added. More on House Prices UK house prices grow at fastest rate in two years Housin...
The figure was much higher than the 0.1 per cent increase forecast by economists polled by Reuters and took the averagehouse priceto £257,656. Jake Stott, founder of Manchester-based broker Mondo Mortgages, said the increase in the Nationwide data “highlights the optimism that is emerging af...
Experts had forecasted a slowdown in the inflation of property prices as a result of stamp duty tax breaks being eased in July. However, August saw year-on-year house price inflation rise by 11% - a 0.5% increase from the month before. Nationwide’s chief economist, Robert Gardner, said:...
DWF, comments as theDecember ONS figuresare released today. He said: "The UK's annual house price growth is at the highest level since late 2014, with today's data showing an increase of 8.5 per cent over the year to December 2020. This means the average home is now £252,000,...
In a year, sales prices in Belfast rose by 5.5 percent, approximately 4.5 percent above the average house price increase in the country. Portsmouth was the only city under observation where prices declined. House price year-on-year change according to Hometrack House Price Index in the...
The latest housing index from the Nationwide has revealed that average house prices grew by 0.8% in the year to November, the strongest annual increase since April. On a monthly basis, house prices grew by 0.5% in November compared to October. The average price of a home in the UK now ...
According to Nationwide, prices rose by 1.1% month-on-month, after taking account of seasonal effects, the eighth consecutive monthly increase. The price of a typical UK home climbed to a new record high of £265,312, with prices increasing by over £33,000 in the past y...
The single-month increase is the biggest since August 2009 with London house prices leading the trend, having risen 14.9 percent year on year. "Prices in London are now 14 percent above their 2007 peak," Robert Gardner, Nationwide's chief economist said in the report, "with the price of ...
LONDON (Reuters) - British house prices rose by a marginal 0.1% in October, slowing sharply from a 0.6% monthly increase in September but the market remained resilient and was likely to gain momentum as borrowing costs fall, mortgage lender Nationwide said on Friday. ...
House prices could rise by 11% over the next four years as a result of the government’s ‘Help To Buy’ programme, according to new figures from the Intermediary Mortgage Lenders Association (Imla).While this would come as good news for existing home owners, Imla said a resulting price ...