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Property prices in the UK increased by 0.8% month on month in December to an...<\/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-312","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\/p75ss1-52","jetpack-related-posts":[{"id":39179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-rise-by-4-5-in-2016-says-nationwide\/","url_meta":{"origin":312,"position":0},"title":"House prices rise by 4.5% in 2016, says Nationwide","date":"December 29, 2016","format":false,"excerpt":"\r House price growth in London was below national average for first time since 2008, according to building society\u2019s figuresProperty values have risen by 4.5% in 2016, and for the first time since 2008 the rate of house price growth in London will end the year below the national average,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-4-5-rise-in-2015-sparks-calls-for-policy-intervention\/","url_meta":{"origin":312,"position":1},"title":"UK house prices: 4.5% rise in 2015 sparks calls for policy intervention","date":"December 30, 2015","format":false,"excerpt":"\r Nationwide figures find average home increased to \u00a3196,999 in 2015, as latest data shows average pay increasing 2% a yearPolicymakers are facing renewed calls to intervene in Britain\u2019s frothy housing market after Nationwide building society said prices rose by 4.5% this year, taking the average UK house price to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-rising-at-fastest-rate-since-start-of-year-says-halifax\/","url_meta":{"origin":312,"position":2},"title":"House prices rising at fastest rate since start of year, says Halifax","date":"November 7, 2017","format":false,"excerpt":"\r Estate agents dismiss idea that pick-up in price growth is due to people grabbing best mortgage rates since last week\u2019s rate riseHouse prices in the UK are rising at their fastest rate since the start of the year, largely due to a shortage of homes on the market, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21576,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-prices-questioned-on-concern-government-is-rewriting-history\/","url_meta":{"origin":312,"position":3},"title":"UK property prices questioned on concern government is 'rewriting history'","date":"August 1, 2016","format":false,"excerpt":"\r The accuracy of new UK government data that suggests the average price difference between property in London and that outside the city has closed significantly has been called into question by a property investment services provider that claims the government has \"rewritten history\".London Central Portfolio said the figures show\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-return-to-growth-as-market-shows-signs-of-resilience\/","url_meta":{"origin":312,"position":4},"title":"UK house prices return to growth as market \u2018shows signs of resilience\u2019","date":"May 31, 2024","format":false,"excerpt":"\r Rate more than doubles to 1.3% in May and average property price rises to \u00a3264,249, Nationwide saysBusiness live \u2013 latest updatesUK house prices returned to growth in May amid signs of market \u201cresilience\u201d after two months of falls, according to a building society.The average property price in Britain rose\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-house-price-growth-at-nine-year-low-amid-edinburgh-and-manchester-spurt\/","url_meta":{"origin":312,"position":5},"title":"London house price growth at nine-year low amid Edinburgh and Manchester spurt","date":"June 29, 2018","format":false,"excerpt":"\r Aberdeen and Cambridge were only two of 20 cities with price fall over past year \u2013 surveyHouse price growth in London has slowed to a nine-year low, while prices in Edinburgh and Manchester are rising faster than in any other major UK city, according to a survey.The latest UK\u2026","rel":"","context":"In "Property 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\n Property prices in the UK increased by 0.8% month on month in December to an average of \u00a3196,999 and up 4.5% year on year, according to the latest monthly index to be published.The data from home lender, the Nationwide, shows that after moderating during the first six months of 2015, house price growth has remained in a narrow range between 3% and 4.5% in the second half of the year.All regions except Scotland saw increases in house prices in 2015, though all recorded slower rates of annual price growth than in 2014. London was the strongest performing region for the fifth year running, with average prices up 12% year on year. The Nationwide\u2019s quarterly index, however, shows that average prices in London are now 50% above their pre-crisis peak in 2007, while in the UK overall prices are around 7% higher. The neighbouring Outer Metropolitan region took second place, with prices up almost 11% compared with the fourth quarter of 2014.Yorkshire and Humberside was the weakest performing English region, with prices up 0.4% year on year. House prices continue to recover in Northern Ireland, with annual growth of 6.5% in the fourth quarter, although average prices are still 44% below their pre-crisis peak. Wales saw a 0.7% year on year increase in average prices, similar to the 1.4% increase recorded in 2014. Scotland was the only region to see prices fall over the year, with prices down 1.9% compared with the fourth quarter of 2014.The full data also suggests that in England the North\/South divide has widened further. Average house prices in England increased by 2.2% in the fourth quarter and were up 6.9% year on year. Price growth in the South exceeded that in the North for the 27th consecutive quarter. Prices in Southern England, that is the South West, Outer South East, Outer Metropolitan, London and East Anglia, were up 8.9% year on year, whilst in the West Midlands, East Midlands, Yorkshire & Humberside, North West and North prices rose by just 1.6%.In cash terms, the gap in average prices between the South and the North of England widened further and now stands at nearly \u00a3159,000, around \u00a323,000 higher than a year ago.Looking ahead to 2016, the risks are skewed towards a modest acceleration in house price growth, at least at the national level, despite the likelihood of interest rate increases from the middle of next year, according to Robert Gardner, Nationwide’s chief economist.\u2018Further healthy gains in employment and rising wages are likely to bolster buyer sentiment, while borrowing costs are expected to rise only gradually. However, the main concern is that construction activity will lag behind strengthening demand, putting upward pressure on house prices and eventually reducing affordability,\u2019 he said.\u2018Overall, we expect UK house prices to rise by 3% to 6% over the next 12 months. It remains an open question whether the striking divergence in regional house price performance evident in…
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\nSource : propertywire.com
\nRead more…Average UK property price up to \u00a3200,000, latest index shows<\/a><\/p>\n