Average house prices hit Â£200,000
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The average house price in the UK has almost reached Â£200,000, according to the latest survey from the Halifax.
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Business & money: House price inflation picked up in April, pushing the cost of an average UK home to Â£209,454, figures show.
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The decision was widely expected, following data which showed the surge in housing prices easing. The base rate is what the Bank of England charges on loans to commercial lenders.
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OUSE prices have fallen for the second month running. Rising interest rates and warnings that the market is overheated have apparently left buyers running scared.
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U.S. house prices rose 3.2 percent in the second quarter from a year ago, representing the slowest appreciation in a decade, the Office of Federal Housing Enterprise Oversight said on Thursday.
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Business & money: Annual house price inflation reached its highest rate in more than two years in July.
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House prices rose slightly across the UK last month, according to the latest survey from the Halifax bank.
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House prices rose 1% in November after a small fall in October, according to the latest survey from the Nationwide building society.
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House prices in England and Wales fell slightly in August, according to figures from property research company Hometrack, offering another sign the market may be cooling in the face of higher interest rates.
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UK inflation rose to 2.2% in January, up from 2.1% in December, as transport costs rose, official figures show.
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Over two million homes are worth more than Â£300,000, the level at which inheritance tax is levied, a report says.
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By Malcolm Moore, Economics Correspondent (Filed: 04/12/2004). House prices fell in November for the third time in the past four months and will fall by around 2pc next year, according to the latest figures.
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Business & money: House prices in England and Wales increased by 9.1% in the year to April, one of the highest annual rises in two years.
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Rising house prices have doubled the number of millionaires in the UK over the last three years, say researchers.
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Average house prices in the UK are accelerating again,  the government's figures indicate.
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The number of homeowners with property valued at more than Â£1m rises - with the majority in London.
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Home prices in Britain fell the most in three years in December, and the threat of more declines may cause the property market to seize up in 2008, said Hometrack Ltd., a London-based research group. The average cost of a home in England and Wales slipped for a third month, dropping 0.3 percent to Â£175,200 ($348,350). âThe second half of the year has seen a major reversal in confidence,â Richard Donnell, director for research at Hometrack, said in a statement. âJust as the financial markets have faced a liquidity squeeze, so the housing market is in danger of facing its own liquidity squeeze.â Prices increased 3 percent from a year earlier, the least in 18 months, Hometrack said.