U.K. house prices rose for a 16th month and consumer confidence increased to a nine-year high on an improving outlook for the economy.
U.K. house prices increased in April for a 15th month as the momentum in the property market spread beyond London, Hometrack Ltd. said.
U.K. house prices fell for a third month in September on weakening demand that may continue to weigh on property values, Hometrack Ltd. said.
U.K. house-price growth accelerated in February to the fastest in seven years as London led a recovery that’s spreading across the country.
U.K. house prices dropped for a seventh month in November and the pace of decline may accelerate as weak consumer confidence erodes demand, property researcher Hometrack Ltd. said.
London homes changed hands at the fastest pace since 2007 in April as the capital’s property market drove a third month of U.K. house-price increases, according to Hometrack Ltd.
U.K. house prices increased for a 14th consecutive month in March, the longest run of gains in almost seven years, as momentum spread across the country.
U.K. house prices extended their decline in January as demand plunged the most in three years on concern about the outlook for the economy, Hometrack Ltd. said.
London led an increase in U.K. home prices last month, a report showed today, as Ernst & Young LLP’s Item Club said the city’s property market risks overheating.
"Pent-up demand has been feeding into the market over the last 18 months, creating the upward pressure on house prices."
- Richard Donnell on Jun 26, 2014