HOUSE prices fell by 1.6 per cent month-on-month in March following a huge 6 per cent jump in February, figures show.Across the UK, the average house price was £233,181 last month - 2.6 per cent higher than a year earlier - Halifax said.February's month-on-month increase had been a record for the index, which started in 1983, taking housing market commentators, who described the jump as "eye-watering", by surprise.Russell Galley, Halifax managing director, said the 1.6 per cent month-on-month fall "partly corrects the significant growth seen last month and again demonstrates the risk in focusing too heavily on short-term, volatile measures".He continued: "Industry-wide figures show that the number of mortgages being approved remains around 40 per cent below pre-financial crisis levels, and we know that lower levels of activity can lead to bigger price movements."The more stable measure of annual house price growth rose slightly to 2.6 per cent and is still within our expectation … [Read more...] about House prices down 1.6 per cent last month after surprise leap in February
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House prices fell 1.6pc in March, "partly correcting" the significant growth of 5.9pc recorded by Halifax in February, which sparked doubts over the reliability of the bank's index. The strong rise was in stark contrast to figures from other house price measures, including rival lender Nationwide's, which showed prices were up just 0.4pc in February. Halifax’s house price index is based on homes bought with mortgages, excluding council house sales, shared ownership and help-to-buy schemes, while Nationwide’s is based on owner-occupier house purchase transactions involving a mortgage. Buy-to-let and cash deals are not counted. Monthly readings on Halifax's index, which has run since 1983, are "highly volatile and it is unwise to read too much into any single figure", said Capital Economics. The more stable measure of annual house price growth showed prices were up 3.2pc in March, with the average UK house price standing at … [Read more...] about House prices fall 1.6pc – but is the figure reliable?
A luxury Jacobean manor house is still on the market - but the price has been slashed to £1.5 million.Boys Hall in Willesborough, Ashford was advertised at a cut-price of £1.75m last year, after the property failed to sell for the initial request of £2.4m. The price of the historic Grade II-listed building has decreased again and it is now being advertised by Christie & Co for offers in excess of £1.5m.Set within 2.75 acres of land, the grand property has 10 bedrooms situated on the first and second floors and five reception rooms.The main bedroom is oak panelled with a domed ceiling and a white marble chimney piece with intricately carved panels, which were believed to have been gifted from Windsor Castle.On the ground floor, the house has retained much of its original character features, including a large reception hall with a chimney displaying English Delft tiles and inner halls with a period oak staircase.The building also contains three cloakrooms, an … [Read more...] about Price of luxury manor house slashed to £1.5m
The average asking price for London houses fell 1.5 per cent in December compared to the previous month as Brexit uncertainty continued to dampen the capital’s property market, according to figures released today. Figures from the latest Rightmove House Price Index showed the average asking price for a London home is now just under £594,000. Nationally, asking prices increased by an average of 0.4 per cent in December. Read more: DEBATE: Are falling house prices in London a good thing? “Given the current market backdrop and ongoing political turmoil, it’s not surprising that the more challenging conditions in London and its nearby regions mean that they appear to have had a slower start to the year,” said Miles Shipside, Rightmove director and housing market analyst. The average time taken to sell a home in London in December was 82 days, up from 78 days at the same time last year. London houses took almost two weeks longer to sell than the national … [Read more...] about London house prices fell 1.5 per cent in December as Brexit bites
Kevin Millar and David Ortiz reunited for the ceremonial first pitch before Game 2 of the World Series. However, that wasn’t the first time the former Red Sox teammates reconnected this week. Millar kicked off his Barstool Radio appearance Wednesday with a story about a slumber party at Ortiz’s house the night before Game 1. “First of all, I had a sleepover at Papi’s house two nights ago,” Millar began. “Straight up. Straight up random sleepover. I slept at Papi’s house. I had no toothbrush, no nothing.” When Millar’s plane touched down in Boston, he met former Cubs second baseman Mark DeRosa and his wife for a drink. Then the crew linked up with Ortiz at his Downtown Crossing restaurant, Yvonne’s. “Had a few cocktails,” Millar said. “Laughing. Hehe. Then [Ortiz was] taking us back to the hotel and he said, ‘Just sleep over.'” After his wife gave the go-ahead, Millar and Co. headed back to … [Read more...] about Kevin Millar slept over David Ortiz’s house before Game 1