Mortgage News 6/1/12 – UK House Prices Will Remain Flat In 2012
Posted on January 16th, 2012
Stagnation Goes On.
Welcome to 2012 then and it looks like the stagnating value of residential properties will continue for most of 2012. Predicting house prices much further ahead is a largely pointless activity, especially given the current economic woes in mainland Europe.
According to the Nationwide Building Society, the average house price is now just under £164,000, thats a level which we havent seen since since early 2004, apart from a brief dip at the beginning of 2009.
Tags: 2012, House Prices
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House prices rose by 0.8 per cent in April
Posted on June 27th, 2011
House prices in England and Wales rose by 0.8 per cent in April, the first monthly rise since January and the biggest rise since January 2010, official data from the Land Registry showed yesterday.
However, the average home price was still 1.3 per cent lower than a year ago at £163,083, the Land Registry said. House prices in London rose by 3 per cent on the month to stand 5 per cent higher than a year earlier, it added. Land Registry data are based on completed property purchases, and so tend to lag behind the measures based on mortgage approvals from Nationwide and Halifax.
Tags: April, House Prices
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