Property prices inch forward despite difficult conditions | Money | guardian.co.uk
Household finances might be in the doldrums but property prices still managed to creep up by 1% in 2011, according to the latest figures from the Nationwide.
The building society said that, while prices had dropped by 0.2% in December, over the year the value of the average house has risen to £165,798.
Meanwhile separate data from the Land Registry showed house prices in England and Wales increased by 0.3% in November, but were down by 1.9% year-on-year. Its index, which is based on completed transactions, put the average price of a property at £160,780.
"The 1% rise in house prices recorded over the past 12 months could hardly be described as a strong performance, but against a backdrop of anaemic economic growth and a deteriorating labour market, UK house prices were surprisingly resilient in 2011," Robert Gardner, Nationwide's chief economist, said.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment