Nationwide reports October house price increase

Money News

www.moneynews.co.uk > Mortgages > Nationwide reports October house price increase

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Nationwide reports October house price increase

The average UK property value has risen by 0.4 per cent in the last month, new figures from Nationwide have revealed.

According to data compiled by the organisation in its monthly review, the average price for a UK home - not seasonally adjusted - now stands at £165,650 and represents a total increase for the year of 0.8 percent.

Robert Gardner, Nationwide's chief economist, said: "Given the challenging economic backdrop, October's data is encouraging, but it doesn't fundamentally change the picture of a housing market that is treading water. Property transaction levels remain subdued, and prices essentially flat compared to last year."

Meanwhile, Peter Crichton, a land auctioneer, recently noted that more people are putting their money into land as a means of investing for the future.

He noted the main benefits include long-term price stability and growth, with an acre of the best farmland in the UK worth more than £10,000 at present.

Click here for more mortgages news
 ADNFCR-323-ID-800783131-ADNFCR

Related News : Mortgages

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet