Stephen Little

House prices in England fall for first time since 2012

According to the Nationwide House Price Index, house prices in England were down 0.7% in the first three months compared to the same time a year ago.

London was the poorest performing region in the first quarter with prices falling annually by 3.8% - the biggest fall since 2009. This is the seventh consecutive quarter in which prices have dropped in the capital.

Spring Statement 2019: we round up the predictions

This year’s Spring Statement is due to take place at around 12.30pm on 13 March. Unlike the Autumn Budget, it is mainly used to give an update on the state of the economy.

In his speech, the chancellor will include financial forecasts based on data from the independent Office for Budget Responsibility (OBR), with updates on projected GDP growth and borrowing for future years.

UK house price growth remains flat as Brexit nears

According to the Nationwide House Price Index, annual house price growth edged up by 0.4% in February - up from 0.1% the previous month.

On a monthly basis, house price growth fell by 0.1% in February, taking the average UK house price to £211,304.

Robert Gardner, Nationwide's chief economist, says: “Indicators of housing market activity, such as the number of property transactions and the number of mortgages approved for house purchase, have remained broadly stable in recent months, but survey data suggests that sentiment has softened.

UK house prices: affordability improving at fastest rate in eight years

Rightmove says the average annual rate of growth was only 0.2% in February compared with the previous year.

With annual wage growth of 3.4% outstripping asking prices, this means that buyer affordability is rising at the fastest rate since 2011.

Monthly property prices rose by 0.7% - or £1,981 - in February, taking the average house price to £300,715.