House price growth in February 4.4 per cent apart from in London | Property | Life & Style

England is seeing an annualised rate of house price growth of 4.1 per cent and the average property price in Wales increasing by 4.8 per cent. The Land Registry data is used as an empirical measure of pricing due to the fact that it records every residential transaction in England and Wales. Therefore, whilst issued later than other house price indices, the report is widely seen by the finance and property industry as the most accurate with regards historic property values. This latest report suggests that, as other sources of…

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UK House Prices:  February chills didn’t impact on sales  | Property | Life & Style

The figures show that, on a seasonally adjusted basis, 101,010 residential properties were sold last month, which is only a very slight reduction of 0.3 per cent on January when 101,350 homes were sold.   Looking at the year on year comparison, again there was only a small drop with 101,710 properties purchased in February 2017.  The data from HMRC is based on completed sales transactions across the entire UK residential market, therefore provides an evidence-based view of the market and current levels of housing activity which is why its results…

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House prices UK: February chill on house prices | Property | Life & Style

Average annual house price growth is still in positive territory – just – at 2.2 per cent although the Nationwide suggests that the reason for the reversal of fortunes in house prices on a monthly basis is due to weakening consumer confidence due to a squeeze on household incomes, and comes off the back of warnings of further interest rate rises in 2018 in order for the Bank of England to keep track of inflation.  Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The slowdown is consistent with…

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