House Prices
New home prices surge
The final quarter of 2006 saw the average price for a new home surge, according to SmartNewHomes.com New Homes Index. While prices across the market as a whole experienced a fall in December, new home prices bucked the trend, up 0.1% on the previous month and 2% over the final quarter of 2006.
Average house price nears £200,000
The average house price in the UK in November 2006 stood at £199,467, up from £197,987 in October 2006, according to the Department for Communities and Local Government (DCLG).
Prime Central London house price growth is strongest for 27 years
Prime central London property prices grew by a staggering 28.6% during 2006, the highest rate of growth since June 1979, 27 years ago, according to the latest Knight Frank Prime Central London Residential Sales Index.
Supply shortage signals boom 2007 for property market in southern Scotland
Property prices in Edinburgh and the Lothians are likely to surge forward in 2007 as a shortage of quality properties continues to keep the market highly buoyant, according to the ELPG group of leading property solicitors.
House prices fell 1% in December
House prices fell by 1.0% in December, according to data from the Halifax. Prices in Q4 were 4.2% higher than in 2006 Q3.
London house prices continue to lead the way
The London housing market continued to stride out ahead of the English regions in the final quarter of 2006, according to the Nationwide Quarterly House Price Review.
House price growth accelerates across all UK regions
Stronger house price growth across the whole of the UK pushed the annual rate of house price inflation in the UK up to 9.3% in Q4 2006, according to research by Nationwide.
House price growth continues steadily
House prices in England and Wales have continued to rise steadily, according to official government figures.
Average price paid by a first time buyer now above £150,000
The average house price paid by a first time buyer (FTB) pushed through the £150,000 barrier for the first time in 2006, according to the Halifax.
Prime country house prices rise 11.2%
The London bonus fuelled country house market has risen strongly all year.
UK house prices rise 1.2% in December
House prices increased by 1.2% in December, taking the annual rate to 10.5%, according to the Nationwide Building Society.
Aberdeen tops the table in Scotland
The annual Bank of Scotland house price survey of Scottish towns and cities has found that Aberdeen recorded the biggest percentage increase in house prices across the country in 2006 – an average rise of 27% to £171,767. It was also the only place in Scotland to feature in the top 20 best performing towns and cities across the UK.
Towns in Northern Ireland record biggest price rises
Newry in Northern Ireland recorded the biggest increase in house prices across the UK in 2006 with an average rise of 54%, according to the fourth Halifax Estate Agent (HEA) annual survey of UK towns. All of the 10 towns delivering the biggest price increases are in Northern Ireland, making 2006 'Northern Ireland's Year'.
Housing demand resilient despite interest rate hikes
House prices inflation reached a plateau in November but market conditions remain strong, says RICS’s (The Royal Institution of Chartered Surveyors) UK housing market survey.
Property price inflation focused on first time buyers
First-time buyers continue to face double digit annual house price inflation.