House prices rise for fifth month in a row - According to the Halifax, house prices have risen for the fifth consecutive month. |
|
Business Related Topics...
Computer Related Topics...
Entertainment, Recreation & Sports Related Topics...
Health & Fitness Related Topics...
Home & Family Related Topics...
Shopping Related Topics...
Would you like to submit articles to our site? Have a question or a problem?
You are here: DIME Home > Finance > House prices rise for fifth month in a row
According to the Halifax, house prices have risen for the fifth consecutive month.
Author: Sam Gooch
Date: Dec 23, 2009 - 10:21:45 AM
According to the Halifax, house prices have risen for the fifth consecutive month.
The mortgage lenders latest survey shows a 1.4% increase in November, pushing the average cost of a home in the UK to £167,664.
This puts prices up 4.2% since the start of the year, although they are still 1.6% lower than this time last year.
The Halifax - one of the UK's biggest providers of mortgages, also made predictions that house prices would be flat over the course of next year if more homes were put onto the market.
Martin Ellis, economist at the Halifax said: "The recovery in house prices since the spring has been driven by increased demand for property, largely due to the improvement in affordability for existing home-owners and first-time buyers who can raise the necessary deposit
"Somewhat higher demand has combined with a low level of properties available for sale to push up prices.
"Further ahead, the prospects for the market will depend on how the UK economy evolves and whether there is a significant increase in the supply of properties for sale," he added.
According to the figures from Halifax, house prices bottomed out in April this year reaching their lowest recorded level. They have since made an 8.5% recovery, and the data shows that this improvement in both prices and sales is continuing.
The most recent figures from HM Revenue & Customs (HMRC), show that completed house sales in October stood 13% higher than October 2008, at 90,000.
Mortgage approvals, measured by the Bank of England, have also risen throughout every month this year, with levels in October recorded to be 79% higher than a year ago.
However, Mr Ellis highlighted the fact that although these improvements are encouraging, approvals still remain 56% below their peak in 2006.
College Account or Retirement Account Which Money To Spend?Jun 27, 2011 - 6:08:52 PM It can be very hard at times to figure out which money to use for paying your student's college bills. Some use their retirement balances which get favorable tax treatment, while other people use their special college account funds.... [Read the full story] |
How Do Credit Card Companies Make Their Money?May 26, 2011 - 8:26:22 AM We've all received offers, often quite persistent, to sign up for a new credit card. Credit cards themselves are great, because you can get the things you need even without cash readily available. However, don't you ever wonder how many credit card companies are out there? Because of the growing market for credit card users, it seems that every day, you get a solicitation letter for a new credit card company. The large playing field results in a lot of competition for credit card companies.... [Read the full story] |
3 Quick Ways To Save MoneyMay 23, 2011 - 3:03:57 PM There are hundreds of easy ways to begin cutting your expenses and saving more money each month. Some are as simple as cutting down on impulsive shopping sprees and entertainment, while others involve a little creativity. If clipping coupons is the only thing that comes to mind when you think about ways to save, read on!... [Read the full story] |
Mortgage Assistance In Canada - The Right HelpMay 3, 2011 - 10:01:27 PM Most people take out mortgages to purchase a home. These mortgages are generally paid on a monthly basis. But, for some people getting the right mortgage plan may be difficult due to lack of proper information and for some due to lack for credit history. The government provides mortgage assistance in Canada so that the citizens can overcome the difficulty in taking out a mortgage.... [Read the full story] |
Search for articles: |
Latest Articles in All Categories |
Putting Up a Small Commercial Printing Business |
So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now |
Meditation and Mindfulness: Dealing With Emotion |
CPA Websites: Five Essential Ideas for Composing Convincing Articles |
Set Goals In Order to Come Up With Your Action Plan |
Is the Air in Your Home Safe to Breathe? |
Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod |
Section 1031 Exchanges For San Diego Real Estate Investors |
Phoenix Real Estate Investing For Highest Possible Earnings |
Legendary are the Volk Racing TE37 Wheels |
Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study |
What are step down transformers? |
Introducing Sharehype, the Revolutionary Tool for Online Marketers |
Rewards To Shopping For Austin Real Estate On The Web |
Hydroponics for Beginners |
Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.
Dime-co.com Home |
|
|
|
|
|
|
|
|
|
|
|
|
|
Disclaimer: Dime-Co.Com is an online information article and video article network. All articles, video articles, comments, and other features herein are for informational purposes only and are provided "as is" without warranties, representations or guarantees of any kind. The views and opinions expressed in an article, comments, links or blogs are the author's own, and not necessarily those of dime-co.com's owners. For full disclaimer, please read our TOS.