You are here: Home - Uncategorized -

House prices picking up nicely in 2006

Written by:

The housing market made a “strong start” in 2006, according to Nationwide, with prices rising 1.4% in January.

This is the biggest monthly rise since July 2004 and took the annual rate of house price inflation to 4.4%. Over the November to January period prices were up 1.8% compared to the previous three-month period.

The increase in January meant that the average house now costs £158,478 and in Nationwide’s view reflects the pent-up demand caused by August’s interest rate cut.

“This is a significant increase in prices and confirms the strengthening trends we have seen since October,” said Fionnuala Earley, Nationwide chief economist.

Related Posts


Tag Box

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.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

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...

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...

Money Tips of the Week

Read previous post:
It’s a fraud

Fraud cases totalling nearly £1bn – a 10-year high – have reached the courts, according to a study by accountant...