You are here: Home - Uncategorized -

House prices up again

0
Written by:
07/04/2006

House prices were up again in March and over the first quarter of the year, the latest figures from Halifax bank have revealed.

The latest survey from the bank showed that the average house increased in value by 0.9% in March and by 1.6% over the first quarter of 2006.

The biggest house price rises in the first quarter of 2006 were in Wales (4.5%), East Anglia (3.4%) and East Midlands (3.0%). And the annual rate of house price inflation was strong at 6.2%.

However, the rise in prices at 1.6% this quarter was smaller than it was in the last quarter, Quarter four 2005, where gains of 2.3% were recorded.

And Martin Ellis, chief economist at Halifax, said: “The weakening in the labour market, the continuing high level of house prices in relation to earnings and pressure on householders’ finances from the recent hikes in utility and council tax bills are all expected to curb demand in the coming months, therefore preventing a sustained acceleration in house price inflation.”

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

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

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.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

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...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Living standards on the rise

Families are now enjoying a better standard of living, according to new research from the Department for Work and Pensions...

Close