Average house price reaches record level

Average house price reaches record levelNew figures show that the average price of a home has risen to record levels. Figures from the Nationwide Building Society released today, show that the average home in the UK is now worth £195,621; the highest level ever recorded by the building society. Last month the UK’s largest mortgage lender, the Halifax, reported that the average property price in the UK was now £200,280. Slowing growth The Nationwide figures also showed that property prices rose by 0.4% in July following a fall of 0.2% in June. However, the figures ...

Land Registry House Price Index: Small fall in house prices

Land Registry House Price Index: Small fall in house pricesNew figures show house prices fell back slightly in March, although they are still significantly higher than the same time last year. The latest figures from the Land Registry, which looks at house prices in England and Wales, show a slight drop in March of 0.4%. However, the year on year figures still show a rise of 5.6% over the past 12 months, taking the average house value in England and Wales to £169,124. Unsurprisingly ...

Nationwide House Price Index: Prices close in on 2007 peak

Nationwide House Price Index: Prices close in on 2007 peakThe latest Nationwide House Price survey shows that house prices are no close to their 2007 peak. According to the country’s largest building society, house prices rose by 0.6% in February and are up 9.4% on the same time last year. The survey shows that the average property is now worth £177,846. This is the 14th consecutive month house prices have risen and the pace is increasing, which will lead to the inevitable ...

Nationwide House Price Index: Prices rise, whilst life gets easier for first time buyers?

Nationwide Building SocietyHouse prices continued to rise in January according to the UK’s largest building society. The latest figures from the Nationwide show house prices rose by 0.70% in January and are up 8.8% on the same time last year, taking the value of the average home in the UK to £176,491. Are you looking for ...