House prices increase by 11.2% in May, Nationwide data shows
House prices increase by 11.2% in May, Nationwide data shows
Abstract
On a monthly basis, prices went up by 0.9%, which is the tenth monthly rise in a row. Nationwide points to “strong labour market conditions’ and a lack of housing stock as reasons for such a strong market.
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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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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 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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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 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
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
Annual growth of 14.3% in March means that the average house price is now 21% higher than in early 2020, shows a new report from Nationwide. It describes detached properties going up by almost £68,000 and flats by £24,000. On a monthly basis, prices rose 1.1%, the eighth increase in a row, leaving the average ...
This story continues at House prices hit 14.3% growth in March, says Nationwide
Or just read more coverage at Mortgage Finance Gazette
Annual growth of 14.3% in March means that the average house price is now 21% higher than in early 2020, shows a new report from Nationwide. It describes detached properties going up by almost £68,000 and flats by £24,000. On a monthly basis, prices rose 1.1%, the eighth increase in a row, leaving the average ...
This story continues at House prices hit 14.3% growth in March, says Nationwide
Or just read more coverage at Mortgage Finance Gazette
Prices, inventory, and movement all increased in the Memphis residential real estate market in May, according to data from the Memphis Area Association of Realtors.
Prices, inventory, and movement all increased in the Memphis residential real estate market in May, according to data from the Memphis Area Association of Realtors.
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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This figure is a lift from 10.7% in the year to June, says the mutual’s July House Price Index, with prices edging up by 0.1% last month.
This is the 12th monthly increase in a row, keeping annual price growth in double digits for the ninth month in a row.
The index says that “strong labour market conditions, where the unemployment rate remains near 50-year lows” and “the limited stock of homes on the market” have kept prices high despite a growing c...
This figure is a lift from 10.7% in the year to June, says the mutual’s July House Price Index, with prices edging up by 0.1% last month.
This is the 12th monthly increase in a row, keeping annual price growth in double digits for the ninth month in a row.
The index says that “strong labour market conditions, where the unemployment rate remains near 50-year lows” and “the limited stock of homes on the market” have kept prices high despite a growing c...
This figure represents a fall from 11.2% in the year to May, says the mutual’s June House Price Index, although prices grew by 0.3% this month, the 11 monthly increase in a row. Average house prices have lifted by over £26,000 in the past year.
Across the country, annual house prices saw softening growth in nine of the UK’s 13 regions in the three months to June.
The South West overtook Wales as the strongest performing region in the second quarter, with ...
This figure represents a fall from 11.2% in the year to May, says the mutual’s June House Price Index, although prices grew by 0.3% this month, the 11 monthly increase in a row. Average house prices have lifted by over £26,000 in the past year.
Across the country, annual house prices saw softening growth in nine of the UK’s 13 regions in the three months to June.
The South West overtook Wales as the strongest performing region in the second quarter, with ...