Posts Tagged ‘average’
Rightmove: new seller asking prices slip again
Rightmove has reported that new homes coming onto the market are continuing to outstrip buyer demand, as the holiday season continues. According to the property portal, the average asking price of a UK home has fallen 1.7% (to £232,241) across the 117,000 properties added to the firm’s website in August, compared with a month earlier. [...]
Return to 2008 mortgage rates to cost £1,800 a year
With a rise in the Bank of England’s (BoE) base rate inevitable at some point in the future, accountancy firm, PricewaterhouseCoopers (PwC), has been assessing the potential effect on UK homeowners of average mortgage interest rates moving back up to 2008 levels. According to BoE data, the average rate across three common types of mortgages [...]
Halifax: house prices up 0.6% in July
Halifax has reported that UK house prices increased by 0.6% in July, reversing a fall of 0.6% in June.
Prices were 4.9% higher year-on-year, having lost ground on a month earlier when the annual rate of growth registered at 6.3%.
At £167,425, the value of the average home stood 8.3% above its April 2009 trough but [...]
Mortgage lenders hold out on large deposits
Despite a rise in the number of mortgage deals on offer, a large deposit remains essential in securing a competitive loan, both for house purchasers and remortgagers.
According to research by Moneyfacts Group for the BBC, the number of mortgage products available has risen 66% so far this year, to 2,351.
However, the financial researcher found that [...]
House prices back to 2006 levels
New figures from the Land Registry show house prices in England and Wales back to summer 2006 levels, having risen by 0.1% in June, compared with May.
Last month, the typical home sported an annual gain of 8.4%, taking the average house price to £166,072.
All ten regions of England and Wales experienced annual rises, with London [...]