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- 29/07/2010: Amazon Releases UK e-Reader Priced from £109
- 29/07/2010: UK House prices fall by 0.5% in July
- 29/07/2010: The British banking revolution begins with the first High Street bank to open for over 100 years
- 23/07/2010: UK Savings Accounts - Top Rates
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Archive for 07/01/2010
House Prices Up 1% in December
07/01/2010 by bill.
The latest Halifax House Price Index Report indicates that house prices increased by 1.0% in December. Prices increased for the sixth successive month with December’s rise slightly below the average for the preceding five months (1.2%).
Prices in the final three months of 2009 were 3.5% higher than in the third quarter. This is the biggest quarterly increase since 2006 quarter 4.
Prices have increased by 9.4% since reaching a low in April 2009; an increase in the average price of £14,552 over this period. This follows a decline of 23% between August 2007 and April 2009. The average house price is now £169,042.
House prices in December were 1.1% higher on an annual basis. This is the first increase in the annual rate of change - measured by the average for the latest three months against the same period a year earlier – since March 2008. The annual rate has turned around markedly from a low of -17.7% in April.
The Halifax reports that the housing market continues to pick up and that higher demand combined with low supply is driving the price increase, however thew Halifax view is that view is that house prices will be flat during 2010.
More about house prices.
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