UK house prices fall in sharpest drop since 2008 crash December 7, 2022 House price growth has continued to cool in the UK, with last month representing the sharpest decline in value since 2008. The average cost of a home now stands at £285,579, after falling by 2.3 per cent in November, according to Halifax today – which began tracking house prices in 1983. Growth rates have slowed [...]
UK house prices: Growth down while rents soar by their highest in seven years March 22, 2023 Private rent paid by tenants in the UK rose 4.7 per cent in the 12 months to February 2023, up from 4.4 per cent in the 12 months to January 2023, according to the Office for National Statistics which also reported that house prices increased 6.3 per cent in the same period. Annual private rent [...]
UK house prices level out as Covid boom subsides October 7, 2022 UK house prices have dropped for the second time over the past three months in a sign the surge experienced over the previous year is starting to level out. Average UK house prices dropped by 0.1 per cent in September from August’s record highs of £293,992. The September drop marks the second marginal decrease over [...]
UK house prices and rents defy inflation and continue to rise August 17, 2022 Despite rising inflation, housing prices have continued to grow since last year, official figures have revealed. In June, the average UK house price was £286,000, a £20,000 increase on last year, according to the latestfigures from the Office for National Statistics today. In London, house prices have seen 6.3 per cent growth in the last [...]
UK house prices rise by an average £36,000 in just 12-months October 19, 2022 The average cost of a home in the UK has risen by £36,000 in just 12-months, according to official figures, as homeownership falls further out of reach for many. The jump is more than the average Brits’ annual salary, and comes at a time when rising mortgage rates are acting as yet another barrier to [...]
UK house prices continue to soar in biggest annual jump since 2003 September 14, 2022 UK house prices grew 15.5 per cent to £292,000 in the year to July, according to official figures – the highest annual inflation rate since 2003. The average cost of a home in the UK has continued to spiral as demand outstrips supply. In just 12-months, property prices have grown £39,000 higher, several thousand pounds [...]
Homeowners look to flog properties as UK house price growth slows July 6, 2022 Requests for property valuations have hit their highest since January, according to the latest research, as homeowners look to make the most out of the market while house prices are still hot. House price growth has been slowing since the beginning of the year, according to the country’s most watched indexes. While still breaking new [...]
UK house prices fall by £4.5k since October amid ‘sharply’ slowing growth December 1, 2022 House price growth in the UK slowed “sharply” last month, representing the biggest monthly drop in value since June 2020, according to the latest data. The average cost of a home has fallen by 1.4 per cent since October – the equivalent of around £4,500, to £263,788, Nationwide’s house price index has revealed. Across the [...]
Not a good Monday for home sellers as UK house prices dive by £4k+ in just one month November 14, 2022 The average price tag on a home fell by more than £4,000 in November compared with the previous month, according to new industry figures released this morning. Across Britain, the average price of a newly marketed home in November is £366,999, Rightmove said. The £4,159 drop in the average asking price compared with October equates [...]
Average UK house price falls for first time in a year to sit at £293,221 August 5, 2022 House prices marked their first decrease since June last year, dropping slightly last month to stand at an average price of £293,221. Prices fell by a marginal 0.1 per cent in July, according to Friday’s Halifax House Price Index. The annual rate of growth eased to +11.8 per cent (from +12.5 per cent), with Wales [...]