Property prices ‘resilient in 2011’

Tuesday, 03 January 2012 11:26

The cost of the average UK home ended the year one per cent higher than the previous year at around £163,822, new figures show.

Nationwide said that although London properties experienced the strongest price growth, there was less regional variation compared with previous years.

“The one per cent rise in house prices recorded over the past 12 months could hardly be described as a strong performance,” chief economist Robert Gardner said.

“But against a backdrop of anaemic economic growth and a deteriorating labour market, UK house prices were surprisingly resilient in 2011.”

But Mr Ellis added that resilience was less apparent in other areas of housing market activity last year, for example, the number of mortgage approvals remained low, at just over half the long term average.

“As things stand, the housing market in 2012 looks likely to be characterised by low levels of activity once again, with prices moving sideways or modestly lower over the course of the year,” he said.
 

Property prices up by 1.2% in October, says Halifax

The cost of a home in the UK went up by 1.2 per cent last month, according to data from the Halifax. According to the lender’s latest house price index, the average house is now worth in the region of £163,311.

UK property prices 'up 2.6% since January'

Britain's homeowners have seen their properties rise in value by 2.6 per cent since the start of the year, figures from Zoopla.co.uk indicate. An average home now costs £216,260, up by £5,478 in the past six months.

House prices ‘stable’ in June, says Nationwide

Property prices in the UK remained unchanged during June, but are 1.1 per cent lower than at the same time a year ago, according to latest figures from Nationwide. The average cost of a home is now around £168,205, the index shows.

Property prices down 2.6% in the past 12 months

Britain’s house prices slipped by 1.2 per cent last month, bringing the cost of the average home to £161,743, according to new data from the Halifax. The lender said property values have fallen 2.6 per cent in the year to August.

House prices up by 0.4% says Nationwide

UK property prices have risen by 0.4 per cent this month to stand at around £165,798, latest figures indicate. Nationwide Building Society's index showed that the annual rate of growth is now 1.6 per cent.

 

House Price Index

Energy Bill