House Prices
UK house price growth cools in Q3
The rate of house price growth in the UK cooled from 10.2% to 9.3% in the third quarter, according to the latest Nationwide Quarterly Regional House Price Report.
RICS: Nationwide September house price figures
Commenting on the Nationwide figures Oliver Gilmartin RICS senior economist said: "Whilst monthly measures can bounce around the underlying trend remains downward and credit market turmoil is yet to show up on the balance sheet of households.
House prices shrug off credit crunch in September
House prices defied gloomy expectations rising 0.7% in September, but the trend growth of house prices is now the lowest since July 2006, according to figures from the Nationwide Building Society.
House price growth turns negative
House price growth turned negative in August as demand slowed sharply, says the latest RICS (Royal Institution of Chartered Surveyors) UK housing market survey.
RICS: Halifax August housing figures
Commenting on the Halifax data, RICS senior economist Oliver Gilmartin said; “The strength of recent house price data will mean that any talk of an interest rate cut remains premature, as the Bank of England attempt to slow the pace of economic growth and consumer spending into 2008.
UK house prices up in August
House prices increased by 0.4% in August. This is the third month in the last four that house prices have grown by less than 0.5%, confirming that house price inflation is slowing, according to the latest Halifax House Price Index.
UK house prices outperform Euro average
House prices in the UK have outperformed every country in the eurozone except Spain over the past five years, according to new research by Halifax.
RICS: Nationwide and Bank of England July figures
Commenting on Nationwide house price figures, Oliver Gilmartin, RICS senior economist said: "Today's figures confirm the slowing trend in annual house price growth which is gripping the UK at the moment.
UK house prices up 0.6% in August
UK house prices increased by 0.6% during August, but the annual growth rate fell to 9.6% down from 9.9% in July, according to the latest Nationwide House Price Report.
RICS comment on Land Registry figures
Commenting on the Land Registry figures, RICS senior economist, David Stubbs said: "The housing slowdown continues to accelerate as homeowners and prospective buyers deal with the impact of five interest rate increases since last August
Slow house price growth in July
House prices in England and Wales exhibit slow monthly growth for residential property transactions that completed in July 2007, according to latest Land Registry data.
Property prices respond to interest rate medicine
Five rounds of base interest rate increases are taking their toll on the housing market. The average property value of £218,033 in July was down by 4.65% on the month and up just 1.63% year-on-year.
Prime central London property prices grow at record rate
Residential property prices in prime central London increased by 3.9% in July, the highest monthly rate of growth since 1976, according to the Knight Frank Prime Central London Residential Sales Index.
House asking prices rise 0.6% in August
Modest monthly increases continue as average asking prices rise by 0.6% (£1,473), according to the Rightmove House Price Index.
University towns see strong house price rises
Twenty university towns across the UK recorded an increase in house prices of 20% or more over the past year, close to double the nationwide increase of 11%, according to research from Halifax Estate Agents.