Sell or let your house privately online
Houseladder.co.uk
 
GUIDES
News Categories
News Archives
 

Mixed messages on UK house prices

Posted: 11 Apr 2006 10:07:32 GMT

Property News - Mixed messages on UK house prices

The Office of the Deputy Prime Minister (ODPM) has released its House Price Index for February, but analysts are indicating that the situation is far from clear cut.



According to the statistics from the ODPM, the mix-adjusted average house price in the UK in February was £183,224, representing a gentle fall from £185,404 in January.

Annual house price inflation in the month was also down from 4.3 cent to 3.6 per cent, although extenuating factors must be considered in relation to both statistics.

February is typically a slow month for the housing market and a slump in house prices is certainly not unusual.

To gain a greater overview of the current state of the market, it is also important to look at more recent surveys from within the industry – the vast majority of which have pointed to steady growth.

The Quarterly Regional Review from Nationwide suggested that house prices had climbed by around 2.3 per cent during the first three months of the year, which was the fastest quarterly increase since the third quarter of 2004.

The general consensus seems to be that the market will continue to grow over the coming months, with house prices rising in the vast majority of areas.

There are clearly still pressures on first-time buyers and former owner occupiers alike, although the moderate slowdown observed by the ODPM may provide hope to some that the situation could soon be alleviated.


© Houseladder Ltd




MOST POPULAR

FREE Property Advert
Selling or Letting? List Your Property FREE Now!

FREE eBook worth £47
How To Sell Or Let FASTER and Save £1000s!

LATEST NEWS

Lib Dem Cable speaks on reasons for record slump
05 Jan 09

Isle of Man boasts rising house prices
05 Jan 09

Homes in Scotland now more affordable
02 Jan 09

First-time buyers may return by year-end
02 Jan 09

Bold buyers could return this year
02 Jan 09

BBA records mortgages dropping by third
31 Dec 08

1 in 5 homes taking a year to sell
30 Dec 08

Repossessions to rocket in 2009
30 Dec 08

Popularity gaining among commercial property
29 Dec 08

Year-end accompanies optimism
29 Dec 08

House prices will drop 35%
24 Dec 08

Lettings and landlords looking good in 2009
24 Dec 08

Capital properties near bottoming out
23 Dec 08

Property prices drop £22,000
23 Dec 08

No house price forecast from CML
22 Dec 08

NAEA offers mixed messages
22 Dec 08

Repossessions could hit 1991 levels
19 Dec 08

Mortgage lending drops to below half
19 Dec 08

Almost 50% of Brits would still buy property now
18 Dec 08

Repossessed homes increasingly sent to auction
18 Dec 08

Asking prices likely to redouble 10% drop
17 Dec 08