home pagethe celebrity angels seriescoming soonsubscribecontact us
 Site  Web 
Baby Beauty Business Celebrity Health Home Kitchen Travel
Get the new eco trend - a garden on your roof Get the new eco trend - a garden on your roof
House prices will continue to fall throughout 2009 House prices will continue to fall throughout 2009
Burglaries on the rise in London Burglaries on the rise in London
House prices set to rise by 10% a year House prices set to rise by 10% a year
Sofie Allsopp Sofie Allsopp
Jemma Kidd Jemma Kidd
James Martin James Martin
» Baby Bottom Butter is adult skincare favourite
» With the housing market uncertain, location is vital
» Celebrity Angels: Travel coming soon
» Dress your house for sale with Ann Maurice
» Top tips for job interview success
 
 
House prices are on the up
Your house could be worth more than you think

Nationwide have revealed house prices could end the year on a high.

A 1.3% rise has been recorded in July, rising for the third month in a row from £156,442 to £158,871. The three-month figure increased from 1% in June to 2.6% in July.

Martin Gahbauer, the leading building society’s chief economist, said “Even if prices were to remain unchanged for the rest of 2009, the year-on-year rate would continue to improve since prices were falling very sharply in the second half of last year.”

House prices are 6.2% lower than in July last year, though the annual rate of decline has dropped from a peak of 17.6% in February. In June it was running at 9.3%.

Although buyers have begun to come back into the market, Gahbauer said sellers were still thin on the ground and this lack of supply was pushing up prices.

This may be good news for sellers, but he warned that if prices continued to increase at the rate of the last three months they will soon be at a level noticeably out of line with earnings, rents and other fundamental determinants of housing valuations.

“Over time, however, these shortages are detrimental to housing affordability and can contribute to future instability in prices.”

ADD YOUR COMMENT
*Name:
Company name:
*Email:
Comment:
Remember my personal information
Notify me of follow-up comments?

Please enter the word you see in the image below:


Should alcohol be given a minimum price?

 Yes
 No
 
Win two anti-ageing beauty products by Judith Williams!

They will leave your skin soft and supple
 
 
 

© Oxygen10 2012. All rights reserved
Terms & Conditions | Privacy Policy | Site map