House prices down by 1.1%
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HOUSE prices have shown their largest decline in four years, according to figures out yesterday. The data came as the Bank of England announced that its interest rates would stay at 4.75 per cent.
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The number of pending US home sales falls by 1.5% in December, as the housing market deteriorates further.
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House prices in the UK rose 1% in September, according to the Halifax, the UK's biggest mortgage lender.
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House prices in England and Wales fell slightly in August, property research company Hometrack says, offering another sign the market may be cooling in the face of higher interest rates.
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UK house prices rose by 1.1% in December, the first monthly rise since September, the Halifax says.
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Consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data on Wednesday showed, underlining concerns about the country's economic outlook.
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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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Quarterly figures show that house prices have fallen in Scotland for the first time in seven years.
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Further evidence has been published that house prices are slowing down in England and Wales.
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UK house prices grew by 0.1% in August, the slowest monthly increase for almost three years, the Nationwide building society says.
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Consumer prices fell 0.1 percent as energy costs fell, keeping pace with the yearâs slowdown in inflation and offering some comfort to Fed officials after yesterdayâs half-point rate cut.
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UK house prices rose by 0.8% in January,  the Halifax says, but the annual rate of increase falls to its lowest rate since December 2001.
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House prices grew by just 0.1% in August, their weakest in almost three years, the Nationwide said yesterday, providing further evidence that the house price boom has hit the buffers.
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House prices in Scotland are falling more slowly than elsewhere in the UK, according to research.
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The pound was slightly weaker than this morning after some housing data showed a gradual easing in house price inflation and retail sales data came in largely as expected.
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A government housing survey shows UK house prices fell by 0.7% between November and December.
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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.