Page 17 - Lucy Pendleton News Today

House price growth beat expectations last month rising 0.7 per cent month-on-month, according to Nationwide’s latest figures.

Home values hit a record high of £231,061 last month, up 6.9pc year-on-year

BBC News By Simon Read image copyrightPA Media The recent uplift in UK house prices "could be running out of steam", the Halifax has said after it found that property values dropped last month. The lenders latest survey showed prices fell 0.3% in January, the biggest monthly fall since April 2020. However, prices still climbed 5.4% over the past year, leaving the average property worth £13,000 more than in January 2020. Across the UK, average property values stood at £251,968 in January. "How...

HOUSE PRICES dropped by 0.3 percent on January but were still higher than in January 2020, according to Halifax's latest House Price Index (HPI). The small but significant drop sees house prices fall to their lowest level since October.

Annual house price growth has slowed for the first time in six months as the end of the stamp duty holiday approaches, according to an index. House prices were up by 6.4% annually in January, marking a slower increase than the 7.3% uplift recorded in December, Nationwide Building Society said. Property values dipped by 0.3% month on month. Across the UK, the average house price was £229,748. A temporary stamp duty holiday which was introduced last July is due to end on March 31. In our January...

The lender says it expects "downward pressure on house prices" in 2021 following annual rise of 6% last year.

The holiday means that homes bought for under £500,000 are exempt from paying SDLT. With the SDLT holiday due to end in March and the furlough scheme in April, both months will be extremely important for the property market and the UK economy. Mr Franks added: “The Halifax is right that unemployment levels are a key threat to property values this year, but we believe demand will remain relatively strong as it still costs less to own than to rent and borrowing is extraordinarily cheap. “Dur...

UK house price grew 6 per cent on a yearly basis in December 2020, shows new data from Halifax. This leaves the average house price at £253,374, little changed from November’s average price, due to a monthly rise of just 0.2 per cent. This is, in fact, the smallest monthly rise seen in the last six months, which have

BBC News By Simon Read UK house prices climbed 7.5% in 2020, the highest growth rate for six years, building society Nationwide found. Prices ended the year 5.3% above the level prevailing in March, a resilience that seemed unlikely at the start of the pandemic, it said. Housing demand has been buoyed by a raft of policy measures and changing preferences due to the pandemic. House prices were 0.8% higher in December than November, with the average property valued at £230,920. "The furlough an...