December house price rise trims annual fall bold head line of spacey
Thursday 05 January 1995
This brought the fall in house prices during 1994 down to 0.2 per cent. The annual fall in house prices had been standing at 1 per cent in November.
Gary Marsh, a spokesman for the society, said he expected the housing market to remain flat. but predicted it would pick up later in the year in line with the recovery in the British economy.
Nationwide Building Society, which uses a smaller sample for its house price survey and does not seasonally adjust the figures, reported a rise of 1.8 per cent in prices in December and an annual rise of 0.3 per cent.
Rob Thomas, housing analyst at stockbrokers UBS, is more optimistic than most, and believes house prices will end the year 6 per cent higher.Like Halifax, he believes the normal flurry of activity in the spring will not herald a revival in the market because of higher mortgage rates, a reduction in social security support for mortgage payments and a further restriction in mortgage tax relief.
But the improving economy should lead to more full time jobs, higher real incomes and an increase in house prices, he said.
New house prices fell in December by 0.1 per cent, but are 1.7 per cent higher than at the beginning of the year - mainly due to a sharp fall last December. The average price paid for a new house is £67,866 compared with £61,776 paid for all houses.First-time buyers' prices fell by 0.3 per cent in December, but are 0.1 per cent higher than a year ago.
The average price paid by a first-time buyer is £45,358.
- 1 What happens to your body when you give up sugar?
- 2 Ed Miliband less influential than One Direction's Louis Tomlinson by official Doncaster power list
- 3 Japanese island overrun with cats after population explodes
- 4 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
California teacher appears to have hanged herself in her classroom
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Ed Miliband less influential than One Direction's Louis Tomlinson by official Doncaster power list
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
iJobs Money & Business
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...
£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...