• Pensions

    Pensions+

    Whether you're saving for retirement or you are facing decisions at retirement, we can help

    View more
  • Savings Planning

    Savings+Planning

    Saving for the future is important and we can help you select the right product to achieve your goals

    View more
  • Mortgage Advice

    Mortgage+Advice

    We are specialists in arranging mortgages for First Time Buyers, people moving home, 'Buy to Let' mortgages and remortgages.

    View more
  • Investment Advice

    Investment+Advice

    Make the most of your money and don't leave it languishing in Building Society accounts

    View more
  • Equity Release

    Equity+Release

    Allows you to access cash tied up in your home - speak to one of our qualified advisers

    View more
  • Protect Insure

    Protect+Insure

    We can shop around for the lowest cost life cover, income protection and critical illness cover

    View more
 

ONS: UK House prices fall 0.2% in January

Another house price index has suggested that average house prices are now falling across the UK.

According to the Office for National Statistics (ONS), prices fell by 0.2% between December and January, the first monthly fall since March last year.

The ONS figures, which are based on mortgage completions, show that annual house price inflation fell to 8.4% in January.

That was down from 9.8% in December. Prices in London are also slowing.

The ONS said annual house price inflation in the capital was running at 13% in January, well down from a peak of 20.1% in May 2014.

The Halifax and Nationwide - whose figures are based on mortgage approvals - reported a 0.3% and a 0.1% fall in average prices in February.

Some analysts said they expected the market to regain momentum later this year.

One reason for that was a jump in mortgage approvals in January, as reported by the Bank of England.

Others in the industry were more circumspect.

"Such lukewarm results show the traditional January surge in demand for properties has not materialised," said Alex Gosling, the CEO of online estate agents HouseSimple.

"However, average prices are still well up on last year, and there's nothing to suggest the the property market has run out of steam."

Sources:  bbc.co.uk

Money Matters: 24th Mar 2015 09:27:00

 

Latest News

Budget 2017: Stamp Duty Changes
Budget 2017: Stamp Duty Changes

Read More >>

Shift from annuities to drawdown continues
Shift from annuities to drawdown continues

Read More >>

Base rate rise could cost variable borrowers £83m
Base rate rise could cost variable borrowers £83m

Read More >>

It costs £10,830 a year to be a pensioner
It costs £10,830 a year to be a pensioner

Read More >>

Buy-to-let market pauses for breath amid new rules
Buy-to-let market pauses for breath amid new rules

Read More >>

See all News...
  • Pensions

    Pensions+

    Whether you're saving for retirement or you are facing decisions at retirement, we can help

    View more
  • Savings Planning

    Savings+Planning

    Saving for the future is important and we can help you select the right product to achieve your goals

    View more
  • Mortgage Advice

    Mortgage+Advice

    We are specialists in arranging mortgages for First Time Buyers, people moving home, 'Buy to Let' mortgages and remortgages.

    View more
  • Investment Advice

    Investment+Advice

    Make the most of your money and don't leave it languishing in Building Society accounts

    View more
  • Equity Release

    Equity+Release

    Allows you to access cash tied up in your home - speak to one of our qualified advisers

    View more
  • Protect Insure

    Protect+Insure

    We can shop around for the lowest cost life cover, income protection and critical illness cover

    View more