House prices fell by 0.9% in August, the second consecutive month where a fall has occurred leaving the average house price at £166,507, Nationwide has said.
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The average price of a bungalow has risen by more than any other property type over the past year, according to new research by Bank of Scotland.
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The average price of a detached family home has risen by more than any other property type over the past year, according to new research by Halifax.
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The July data from Land Registry’s flagship House Price Index shows an annual price increase of 6.7 per cent which takes the average property value in England and Wales to £166,798.
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The annual growth in the banks’ net mortgage lending is 4.1%, substantially ahead of the 0.9% for the whole mortgage market in June.
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While most first year students get ready to settle into halls, some freshers will join their second or third year counterparts in opting for privately owned housing, boosting the local market, according to new analysis from Lloyds TSB.
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Research from the Halifax, the UK’s largest first-time buyer lender, reveals that monthly mortgage payments as a percentage of income are nearly half that of the level of 2007.
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