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According to Nationwide house prices are up 10.5% on April last year The UK’s largest building society claims house prices rose 1% in April pushing the annual rise into double figures for the first time since June 2007. The average house price in the UK now stands at £167,802 according to their figures. Originally they [...]
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Gross mortgage lending was an estimated £11.5 billion in March, a 24% rise from £9.3 billion in February and a 3% rise from £11.2 billion in March 2009, according to data published today by the Council of Mortgage Lenders (CML). This is in line with the typical seasonal pattern of a rise in lending volumes [...]
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Lib Dem treasury spokesman Vince Cable says plans for a 0.5% annual levy on the most expensive homes will raise £1bn. The new charge of 0.5% would apply to the value of a property above £1m. So if a home was worth £1.5m the 0.5% tax would apply to £500,000 of it, meaning the owner [...]
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Nationwide reports a rise in UK house prices for the first time in 16 months Following on from Halifax reporting a rise in house prices in January, Nationwide now reports the average house price increased by 0.9 per cent to £150,946 in March in contrast to February. In February they reported house prices falling month-on-month [...]
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The Halifax reports UK house prices rose by 1.9% in January, compared to December. The average house price according to Halifax is now £163,966. Although reporting an increase for the first time in 10 months Halifax warns that one month’s figures did not indicate an end to the downward trend in prices, which it says [...]
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