House price growth to slow?

New figures show that the rate of growth in house prices increased in November, but the news came with a warning that the market may slow in 2017. Figures from the Halifax show that house prices rose by 6% in the year to November; taking the value of the average home to £218,002. Housing slowdown? However, before homeowners get carried away with the seeming constant rise in house prices, the Halifax also said that "annual house price growth may slow over the coming months". In fact, the Nationwide has previously reported that house price ...

House prices: Proof that a North / South divide still exists

Proof that a North South divide still exists 150pxFurther evidence has emerged today of a growing, north / south divide in house prices. Ever since the last housing crash following the financial crisis, the personal finance pages have been awash with stories about booming house prices. However, for many people living in the North of the UK the picture of soaring prices and a vibrant property market has been a mystery and evidence has emerged of a widening gap between house prices in the North and the South of the country. In ...

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 ...

House prices bounce back strongly

House prices bounce back stronglyHouse price growth has been slowing over the past few months on the back of falling mortgage approvals. However, new figures from the UK’s largest mortgage lender have revealed a reversal to this trend, with a sharp rise in house prices. Sharp house price rise According to the Halifax, house prices rose by 2% in January, the highest rise in the first month of the year, for the past six years. Over the past quarter prices are up 1.9% and have risen by 8.5% over the past year, taking the value of ...