Archive for March, 2010
Nationwide House Price Index March
According to latest figures from Nationwide Building Society house prices in the UK rose 0.7% in March. This reverses the dip in February which was a fall of 0.8%. The annual house price increase now stands at 9%
Mortgage Approvals Down in February
The latest figures from the Bank of England show that mortgage transactions are down in February. The number of mortgage approvals for February dropped to 47,100. This is 2% lower than January and 19% down on December. With stamp duty being scrapped for first time buyers on properties costing under £250,000 there may be some improvement to come but funding for first time buyers may negate much of the hoped for impact by the Government.