April sees house prices grow over 12%, shows government data
April sees house prices grow over 12%, shows government data
Abstract
In April 2022, the average house price in the UK stood at £281,000 – £31,000 times more than in April 2021. This compares to a 9.7% increase recorded in March.
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This compares to a 9.7% increase recorded in March.
On a monthly basis, house prices moved up by 1.1% in April. A year ago, this read as negative 1.3%.
It means that in April 2022, the average house price in the UK stood at £281,000 – £31,000 times more than in April 2021.
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This compares to a 9.7% increase recorded in March.
On a monthly basis, house prices moved up by 1.1% in April. A year ago, this read as negative 1.3%.
It means that in April 2022, the average house price in the UK stood at £281,000 – £31,000 times more than in April 2021.
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An eleventh monthly rise in a row saw prices go up by 1% by this metric, leaving the average house price at £289,099.
Halifax says that compared to May last year, prospective buyers need £10,000 more to buy a flat and £50,000 more to buy a detached home.
“Despite the very real cost of living pressures some people are experiencing,” says managing director Russell Galley, “the imbalance between supply and demand for properties remains the primary reason...
An eleventh monthly rise in a row saw prices go up by 1% by this metric, leaving the average house price at £289,099.
Halifax says that compared to May last year, prospective buyers need £10,000 more to buy a flat and £50,000 more to buy a detached home.
“Despite the very real cost of living pressures some people are experiencing,” says managing director Russell Galley, “the imbalance between supply and demand for properties remains the primary reason...
Property prices continued to defy gravity and surged upwards in March, with Halifax’s latest house price index showing a 1.4% rise – the biggest monthly increase for six months. Year on year house prices are now rising at 11 per cent, the highest level seen since mid 2007, shortly before the financial crash. These latest ...
This story continues at House prices jump in March, Halifax data shows
Or just read more coverage at Mortgage Finance Gazette
Property prices continued to defy gravity and surged upwards in March, with Halifax’s latest house price index showing a 1.4% rise – the biggest monthly increase for six months. Year on year house prices are now rising at 11 per cent, the highest level seen since mid 2007, shortly before the financial crash. These latest ...
This story continues at House prices jump in March, Halifax data shows
Or just read more coverage at Mortgage Finance Gazette
The data found that house prices in the UK have risen by 1.2% since April this year.
In England, house prices have risen on average by 1.3 % since April and 13.1% on an annual basis, taking the average property value to £302,278.
For London, house prices have risen by 0.2 % since April and have seen an annual price rise of 8.2 % taking the average property value to £526,183.
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The data found that house prices in the UK have risen by 1.2% since April this year.
In England, house prices have risen on average by 1.3 % since April and 13.1% on an annual basis, taking the average property value to £302,278.
For London, house prices have risen by 0.2 % since April and have seen an annual price rise of 8.2 % taking the average property value to £526,183.
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The average house price in England and Wales is set to continue to rise over the next quarter to a new record high of £389,712 in June 2022, according to Reallymoving’s March House Price Forecast. The forward-looking index, which captures the purchase price buyers agree to pay when they search for conveyancing quotes, suggests that ...
This story continues at House prices to reach record high, shows Reallymoving data
Or just read more coverage at Mortgage Finance Gazette
The average house price in England and Wales is set to continue to rise over the next quarter to a new record high of £389,712 in June 2022, according to Reallymoving’s March House Price Forecast. The forward-looking index, which captures the purchase price buyers agree to pay when they search for conveyancing quotes, suggests that ...
This story continues at House prices to reach record high, shows Reallymoving data
Or just read more coverage at Mortgage Finance Gazette
On a monthly basis, prices went up by 0.9%, which is the tenth monthly rise in a row.
The average house price in the UK now comes in at £269,914.
Nationwide points to “strong labour market conditions” and a lack of housing stock as reasons for such a strong market, “Despite growing headwinds from the squeeze on household budgets due to high inflation and a steady increase in borrowing costs.”
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On a monthly basis, prices went up by 0.9%, which is the tenth monthly rise in a row.
The average house price in the UK now comes in at £269,914.
Nationwide points to “strong labour market conditions” and a lack of housing stock as reasons for such a strong market, “Despite growing headwinds from the squeeze on household budgets due to high inflation and a steady increase in borrowing costs.”
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The data shows that in April, net borrowing of mortgage debt dropped from £6.4bn in March to £4.1bn in April.
Gross lending rose slightly on the month, however, from £26.2bn in March to £26.5bn in April.
Meanwhile, mortgage approvals for house purchases dropped from 69,500 to 66,000 and from a value of £16.8bn to £16.1bn.
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The data shows that in April, net borrowing of mortgage debt dropped from £6.4bn in March to £4.1bn in April.
Gross lending rose slightly on the month, however, from £26.2bn in March to £26.5bn in April.
Meanwhile, mortgage approvals for house purchases dropped from 69,500 to 66,000 and from a value of £16.8bn to £16.1bn.
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While prices continue to rise, the latest HPI found that signs of a slowdown are emerging as homeowners face increasing pressure on their finances due to the surge in cost of living.
Hargreaves Lansdown senior personal finance analyst Sarah Coles says: “We’ve been expecting a sustained slowdown in price rises. The question was always ‘when’, rather than ‘if’. Rising prices and increasing mortgage rates have pushed mortgage payments up significantly...
While prices continue to rise, the latest HPI found that signs of a slowdown are emerging as homeowners face increasing pressure on their finances due to the surge in cost of living.
Hargreaves Lansdown senior personal finance analyst Sarah Coles says: “We’ve been expecting a sustained slowdown in price rises. The question was always ‘when’, rather than ‘if’. Rising prices and increasing mortgage rates have pushed mortgage payments up significantly...
House prices in the UK increased by 12.1% in April on an annual basis, Nationwide says. This slight slowdown from the 14.3% recorded in March leaves the average house price at £267,620, the lender adds. This is £28,789 more since April 2021. On a monthly timescale, house prices rose by 0.3% in April compared to ...
This story continues at House prices rise 12.1% in April, says Nationwide
Or just read more coverage at Mortgage Finance Gazette
House prices in the UK increased by 12.1% in April on an annual basis, Nationwide says. This slight slowdown from the 14.3% recorded in March leaves the average house price at £267,620, the lender adds. This is £28,789 more since April 2021. On a monthly timescale, house prices rose by 0.3% in April compared to ...
This story continues at House prices rise 12.1% in April, says Nationwide
Or just read more coverage at Mortgage Finance Gazette
The average rate for a two-year fix rose 17 basis points, to 3.61%, and the average rate for a three-year fix gained 19 basis points, ending the week at 3.91%.
Meanwhile, an 18 basis point rise saw the average rate for a five-year fix move to 3.75% and the average rate for a 10-year fix increased by 13 basis points, to 3.82%.
Two-year fixes
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The average rate for a two-year fix rose 17 basis points, to 3.61%, and the average rate for a three-year fix gained 19 basis points, ending the week at 3.91%.
Meanwhile, an 18 basis point rise saw the average rate for a five-year fix move to 3.75% and the average rate for a 10-year fix increased by 13 basis points, to 3.82%.
Two-year fixes
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