You are here: Home - Saving & Banking - News -

House prices still rising in 2006

0
Written by:
31/08/2006

Nationwide has reported that house price growth increased steadily in August, with the property market staying “firm” according to its pundits.

Prices increased by 0.8% during the month, the same as in July, and lifted the annual growth rate to 6.6%. This was the fastest yearly growth rate since April 2005 and the average property in the UK now costs £167,721.

“While the Monetary Policy Committee (the body that sets interest rates) is in hawkish mood, economic uncertainties mean that fewer rate rises and expected and property owners and homebuyers feel more confident,” said Nationwide chief economist, Fionnuala Earley.

She added that she did not expect interest rates to have such a significant downward effect on house prices as they did in 2003-04.
 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Brown warns against tax giveaways

Chancellor Gordon Brown has warned his colleagues about making unfunded tax cuts, which he said would bring about a return...

Close