{"id":142850,"date":"2024-03-01T15:19:23","date_gmt":"2024-03-01T08:19:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-for-first-time-in-more-than-a-year-as-interest-rates-drop\/"},"modified":"2024-03-01T15:30:00","modified_gmt":"2024-03-01T08:30:00","slug":"uk-house-prices-rise-for-first-time-in-more-than-a-year-as-interest-rates-drop","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-for-first-time-in-more-than-a-year-as-interest-rates-drop\/","title":{"rendered":"UK house prices rise for first time in more than a year as interest rates drop"},"content":{"rendered":"<p>&#013;<br \/>\nAverage cost of a home increased to \u00a3260,420 in February, up by 1.2% on a year earlier, says NationwideBusiness live \u2013 latest updatesUK house prices grew for the first time on an annual basis in more than a year in February, as a decline in borrowing costs prompted an uptick in the housing market, according to a survey.The average price of a home rose to \u00a3260,420 in February, up by 0.7% from the month before, and by 1.2% compared with a year earlier, according to Britain\u2019s biggest building society Nationwide. This is the first annual growth since January 2023, and comes after a 0.2% year-on-year drop in January. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/money\/2024\/mar\/01\/uk-house-prices-rise-interest-rates-nationwide\" target=\"_blank\" rel=\"noopener\">UK house prices rise for first time in more than a year as interest rates drop<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Average cost of a home increased to \u00a3260,420 in February, up by 1.2% on a&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-142850","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Ba2","jetpack-related-posts":[{"id":131412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-after-significant-shock-of-mini-budget\/","url_meta":{"origin":142850,"position":0},"title":"UK house prices fall after \u2018significant shock\u2019 of mini-budget","date":"November 7, 2022","format":false,"excerpt":"\r Halifax reports steepest monthly drop since February 2021 amid interest rate risesUK house prices fell by 0.4% in October after Liz Truss\u2019s mini-budget drove a sudden rise in mortgage rates, the lender Halifax said.The decline in the average price to \u00a3292,598 was the third in the past four months\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140918,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-for-third-month-in-row-but-are-forecast-to-drop-this-year\/","url_meta":{"origin":142850,"position":1},"title":"UK house prices rise for third month in row but are forecast to drop this year","date":"January 5, 2024","format":false,"excerpt":"\r Growth rates driven by shortage of properties on market, says Halifax, with average house worth \u00a3287,105UK homeowners face \u00a319bn rise in mortgage costsUK homeowners fear 2024 mortgage timebombBusiness live \u2013 latest updatesUK house prices rose for a third consecutive month in December amid a shortage of properties on the\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-unexpectedly-for-third-month-in-a-row-by-0-8\/","url_meta":{"origin":142850,"position":2},"title":"UK house prices rise unexpectedly for third month in a row, by 0.8%","date":"April 6, 2023","format":false,"excerpt":"\r Halifax says market has been helped by easing of borrowing costsUK house prices rose unexpectedly for a third month in a row in March in a sign of \u201cresilience\u201d in the market according to the latest report from Halifax.The lender said the average price rose by 0.8% month on\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149316,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-for-fifth-straight-month-but-market-softening\/","url_meta":{"origin":142850,"position":3},"title":"UK house prices rise for fifth straight month but market \u2018softening\u2019","date":"January 31, 2025","format":false,"excerpt":"\r Increase in January of 0.1% on previous month but annual rate slows to 4.1%, says NationwideBusiness live \u2013 latest updatesHouse prices rose for a fifth consecutive month in January, but the annual rate of growth slowed as the UK property market showed signs of \u201csoftening\u201d, according to Nationwide.The building\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-rate-since-2009-after-interest-rate-rises\/","url_meta":{"origin":142850,"position":4},"title":"UK house prices fall at fastest rate since 2009 after interest rate rises","date":"August 1, 2023","format":false,"excerpt":"\r Nationwide says cost of a typical home is \u00a3260,828 after 3.8% year-on-year drop in JulyBusiness live \u2013 latest updatesUK mortgage approvals rise despite surge in interest ratesAnalysis \u2013 mortgage rates show sign of easingUK house prices fell last month at the fastest annual rate in 14 years, as higher\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-as-mortgage-rate-cuts-lift-confidence\/","url_meta":{"origin":142850,"position":5},"title":"UK house prices rise as mortgage rate cuts lift confidence","date":"March 7, 2023","format":false,"excerpt":"\r Average monthly increase of 1.1% to \u00a3285,476 in February, after falls in previous two months, says HalifaxUK house prices picked up in February from the previous month as recent reductions in mortgage rates helped to stabilise the market, according to the lender Halifax.The average house price rose 1.1% to\u2026","rel":"","context":"In &quot;Property 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