Rising house prices during the 10 years to 2007 have resulted in a huge transfer of wealth between younger Britons and older generations. According to a new study from the Consumer Credit Counselling Service (CCCS), the average house price grew from around 2.3 times to nearly 5.5 times gross earnings during the decade. As a [...]
average house price
Hometrack: house prices to see further falls
House prices in England and Wales remained level in April, with a 0.3% rise in London prices offsetting small falls across other regions, Hometrack has reported. According to the housing intelligence firm, increased buyer demand over the first four months of 2011, and strong growth in the number of sales agreed, has been easing downward [...]
House prices slip 0.2%
Nationwide’s latest house price index shows the value of the typical home falling by 0.2% in April, to £165,609. The decline follows a monthly rise of 0.5% in March and leaves the average house price 1.3% down on a year earlier. However, the three-month-on-three-month measure, which is a better measure of the underlying trend, shows [...]
UK house prices continue to slide
UK house prices are continuing to decline, according to Halifax, which has registered a drop of 0.4% in the value of the typical home in the three months to February, compared with the previous quarter.
Last month prices actually fell by 0.9% (offsetting a January rise of 0.8%) taking the average house price back down to [...]
House price slippage continues
Latest figures from the Land Registry show the average price of a home in England and Wales falling by 0.6% in November, marking the third consecutive month of decline and taking annual growth down to 2.2%.
The average house price stood at £164,773, the lowest level seen in a year.
London experienced the greatest monthly rise [...]
