UK annual house price growth down
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The monthly figures may provide some relief however, that the UK housing market is not showing signs of a sustained downward trend after last month&#39;s figures showed a drop in prices of 0.1pc from August.
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House prices will decline 2 per cent over the next year as the market experiences a &quot;measured slowdown&quot;, the Halifax said yesterday.
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Government data shows UK house price inflation rose 13.8% in the year to November but economists expect to see a slowdown in the months ahead.
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UNITED KINGDOM - The process of property market weakening has been recently observed due to declining mortgage lending for the last two months in a row in the UK.
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Business & money: House price inflation eased last month to its slowest pace in a year.
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Signs of a housing slowdown are now beginning to surface across the UK as a fall in the number of new buyers has now created a surplus of properties, suggests the latest Hometrack house price survey.
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House prices in the UK fell slightly in October says the Department for Communities & Local Government.
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House prices grew by 0.8% in August, the Nationwide says, lifting the annual growth rate to 6.6%.
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House price growth continued to show signs of slowing down during September the latest figures have shown. The average cost of a home increased by 0.2 per cent during the month, following growth of only 0.1
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Property prices in the UK are falling to an extent not seen since the 1990s housing recession, warn surveyors.
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UK house price growth stalled in January, slowing the annual rate of increase, mortgage lender the Halifax says.
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THE IMF&#39;s World Economic Outlook has warned of a possible sharp fall in UK house prices, based on interest rate rises priced into future markets, the market would probably slow down significantly in the next 18 months.
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British house prices advanced this month at the fastest pace since December, bolstering the case for an interest rate increase by the Bank of England next week. The average cost of a home rose 1.1 percent from May, to Â£184,070 ($368,000), according to the Nationwide Building Society, the biggest mortgage lender in Britain. âThe bounce-back in June is a bit stronger than expected,â said Fionnuala Earley, chief economist at Nationwide. âIt looks like the bank will bring forward the decision to increase interest rates, and increase the risk that rates get to 6 percent this year.â.
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The average house price in the UK has now reached Â£201,090, says the DCLG.
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A government housing survey shows UK house prices fell by 0.7% between November and December.
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Average house prices in the UK are accelerating again,  the government's figures indicate.
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UK house prices fell by 0.6% in August as recent interest rate rises took hold, the Halifax says.