Active You -House prices up 1.6% in August

Click here to bookmark Holiday You Text Size A A A

08/02/2012

London
High :2.2^o C, Low -1.1^o C

Keep up to date
with our latest
and best offers
Newsletter Sign Up

Forgotten your password?

EDITOR'S PICKS

NEWS

Pensions deficits 'the result of increased life expectancy'

Solar panels 'mean homeowners have everything to gain'

The Cayman Islands 'are more than just a tax haven'

Are credit cards worth it?

Are you willing to give up high heels for your health?

POPULAR SEARCHES Equity Release I Cruises I Life Insurance I Homes abroad I Laser Eye Surgery I Scratch cards I Conservatories I Green houses I Personal injury I Wine I Gardening I Chairs I CheapRoomsLondon

Home »News »Property News

House prices up 1.6% in August

27/08/2009

House prices continued to rise in August indicating further signs of green shoots in the market, according to Nationwide.

New figures from the mortgage provider revealed that the price of a typical house rose for the fourth consecutive month in August, up 1.6 per cent from July.

In addition, the quarter-on-quarter rate of change - generally a smoother indicator of the near term trend - rose from 2.7 per cent in July to 3.3 per cent in August - the highest level since February 2007.

The price of an average house now stands at £160,224, which is still slightly lower than this time last year.

Martin Gahbauer, Nationwide's chief economist, said the exceptionally low level of interest rates offers some explanation for why house prices have not repeated the very sharp falls of 2008.

"Even though house prices remain high relative to earnings, the fall in interest rates has improved the affordability of mortgages for those looking to buy a home," he added.

Recent figures from Prudential suggested that pensioners now own £654 billion in property equity as house prices show signs of stabilising.

Get a free equity release guide and find out how you can get some additional income
ADNFCR-2295-ID-19335332-ADNFCR

Related Property News

12/07/2010 More home insurance claims in summer, parents warned
05/07/2010 Craig Phillips: Beware of asbestos when doing home improvements
10/06/2010 Govt attempting to stop garden grabbing
01/06/2010 Women 'embracing DIY'
10/05/2010 Frost threatens to cut short spring garden
29/04/2010 No great movement in housing market, says Council of Mortgage Lenders
21/04/2010 Home improvement offers 'energy efficiency'
30/12/2009 VAT freeze at major high street retailers
29/12/2009 Gardening offers hope to war zone victims
29/12/2009 Homeowners seeking advice on equity release
04/12/2009 Birds 'changed' by garden feeders
16/10/2009 Gardeners urged to grow more fruit
15/10/2009 Equity release 'will become mainstream' in future
14/10/2009 Over-60s using equity release to pay down debts
23/09/2009 Government urged to produce equity release guide
21/09/2009 Equity release schemes 'have many safeguards'
15/09/2009 Equity release 'to play greater role in retirement funding'
10/09/2009 Equity release customers 'fall into three types'
08/09/2009 Equity release 'can help pensioners repay debts'
01/09/2009 Many missing out on home improvement grants
27/08/2009 Pensioners own £654bn in property equity
26/08/2009 Over-50s welcoming back adult children
12/08/2009 Wet weather boosts home improvements

Multiple offers

Win some of the best prizes on the web

To Boost Your Skills and Job Prospects

Win 7 Night summer holiday in for 2 people in Majorca

More Top Offers

All offers are subject to our standard terms & conditions

This offer is open to UK residents only. You must be at least 18 years of age or older to enter. By registering and entering your details with activeyou.co.uk you consent to receive information and promotions from activeyou.co.uk, our Clients and our Partners. These promotions are selected and based on the details you provide us with, you can unsubscribe at anytime. You also agree to our standard terms & conditions.

Site Protected By Copyscape- DO NOT Copy

This page took 0.1719seconds to load