+359888888888

mymail@domaza.org

Property Search

Nationwide: House prices dip in January

The latest house price index from the Nationwide Building Society has revealed a 0.1% fall for the month of January compared with December.

The latest fall means house prices are now 1.1% lower than this time last year with the average UK home costing £161,600.

According to Nationwide’s chief economist Robert Gardner, the outlook remains uncertain and the lack of buyers, together with the ongoing lack of mortgage availability, means house prices are likely to continue to slide.

House prices came under pressure during the latter of half of last year as a high level of instructions outstripped buyer demand.

The prediction for house prices in 2011 is for a slight fall as demand for housing is expected to stay weak as a result of the uncertainty surrounding the economy and the Government’s massive spending cuts.

www.financemarkets.co.uk

Domaza - Properties

Back

Next

Previous news

20/04/2012 10:52:39: $13 Trillion U.S. Debt Poised to Overtake GDP: Chart of Day

President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.” The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which ro...

20/04/2012 10:52:27: UK residential property prices fall 0.4% in May as Halifax warns they are now likely to flatten out

UK residential property prices fell by 0.4% in May, the second monthly fall in a row, according to the latest house price index from the Halifax. This follows a price fall of 0.1% in April but prices are still 6.9% higher than they were a year ago with the average house price is now £167,570. It is the...

20/04/2012 10:52:17: Overseas investors look for urban properties in Bulgaria

Individuals looking for property in Dobrich, Bulgaria, may be interested to hear that the country is seeing renewed attention from overseas investors seeking real estate in metropolitan areas. According to Bulgarian news website Novite, a new study conducted by GreenLife has pointed to the revival, with apa...

20/04/2012 10:51:53: Anglican cathedral made from cardboard

In the city of Christchurch of Wellington, New Zealand Anglican leaders have decided to build a temporary cardboard cathedral to replace the iconic stone Christ-Church Cathedral, which was ruined in the last year’s devastating earthquake that killed 185 people and destroyed much of the town’s center...

20/04/2012 09:39:48: Student visa restrictions harmful to UK universities

Top people in the UK education sector are warning the Government that restrictions on student immigration will adversely affect British universities. A consultation on whether the Government should tighten the reigns on student immigration for non-EU students taking below-degree level courses is currently underw...

‹ › ×