UK house prices rose in 2013 fuelled by first time buyer demand, say Nationwide, raising the average house price to £176,500.
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Category Archives: House Prices
Property prices in London have increased by 10.6% in the last year significantly above other regions in the UK.
The Bank of England has warned homeowners could be hit hard as interest rates increase mortgage repayments.
Halifax is predicting another year of growth in 2014 but there is no evidence this will lead to a housing bubble.
The number of loans approved by banks has reduced along with an unexpected fall in house prices for the month.
Figures released by the Halifax show prices are up 6.9% annually but ONS data suggest this is slowing.
Latest data from the Land Registry shows property prices are rising in all regions in England by a 3.4% average.
Figures from the Council of Mortgage Lenders (CML) show that mortgage loans were up 17% on the previous three months.
UK house prices have risen to their highest levels according to the Office of National Statistics (ONS).
According to the UK’s largest lender the Halifax annual growth is at 6% after eight months of rising property prices.