All Posts Tagged With: "House prices"
The UK property market is still cooling despite a slight rise in prices in December
, government figures reveal. Prices rose 0.4% in December compared with the previous month, according to the Department for Communities and Local Government (DCLG).
But the annual rate of house price inflation was 9.1%, down from 9.7% in November and the second consecutive monthly fall.
The DCLG said the average price of a home in the UK [...]
Homeowners have almost two trillion pounds of wealth tied up in their properties
Britons have property equity worth 1.95 trillion pounds, once outstanding mortgage debt is taken into account, according to GE Money Home Lending.
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House prices unchanged in January
Predictions that the property market will remain flat this year continue, as mortgage lender Halifax revealed house prices remained unchanged in January.
The lender said that over the past three months property prices have fallen by 1%, and the year-on-year rise since last January was just 4.5%.
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The average cost of a home looks set to fall by £11,000 this year
- the first annual drop since 1995, according to warnings today.
A combination of the credit crunch, the recent house price boom and stretched household finances could now drag property prices down by 2.5 per cent, to average £187,900.
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