U.K. house prices rose for a 15th month in March as values in London climbed to more than double the national average, according to Nationwide Building Society.
U.K. house prices rose this month as the property market continued to get a boost from low borrowing costs and easier access to mortgages.
U.K. house prices rose for a 13th month in January to their highest level in almost six years as the economy gained momentum, Nationwide Building Society said.
U.K. house prices rebounded in October to erase the previous month’s losses in a property market characterized by “relative stability” and subdued transaction levels, Nationwide Building Society said.
U.K. house prices rose and mortgage lending surged more than forecast as the property market’s momentum continued to build at the end of 2013.
U.K. mortgage approvals rose more than economists forecast in November to the highest level in almost six years, signaling continued strength in the property market toward the end of 2013.
U.K. consumer confidence fell to a record low in February as Britons grew more pessimistic about the sustainability of the economic recovery and the outlook for jobs, Nationwide Building Society said.
U.K. house-price growth picked up this month as demand for new homes outstripped the supply available for sale, boosted by low interest rates and government incentives.
U.K. consumer confidence fell in April as Britons grew more pessimistic about the outlook for the economy and spending, Nationwide Building Society said.
U.K. consumer confidence rose in March from a record low as Britons grew more optimistic about the outlook for the economy and spending, Nationwide Building Society said.
"The gap between house prices in London and the rest of the U.K. is the widest it's ever been, both in cash and percentage terms."
- Robert Gardner on Apr 01, 2014