Research from Halifax has said that the average house price paid by a first time buyer (FTB) pushed through the 150,000 pound barrier for the first time in 2006.
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The British Bankers Association has said that mortgage lending will remain robust over the coming months.
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2006 turned out to be a good year for house prices with growth of 10.5% according to the Nationwide.
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House price growth is set to continue with one in three people expecting house prices to power ahead in 2007, according to a survey by financial website This is Money.
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Newry in Northern Ireland recorded the biggest increase in house prices across the UK in 2006 – but where were the other winners. Here we present Halifax’s top 50 property winners for the year.
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Newry in Northern Ireland recorded the biggest increase in house prices across the UK in 2006 with an average rise of 54%, according to the fourth Halifax Estate Agent (HEA) annual survey of UK towns. All of the 10 towns delivering the biggest price increases are in Northern Ireland, making 2006 ‘Northern Ireland’s Year’.
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Properties located near airports served by low cost airlines are nearly 40% more valuable than others, according to the results of a landmark survey carried out by Savills Research and Holiday-Rentals.co.uk.
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