house prices

The gap between house prices in London and the rest of the country has dropped to its lowest level in eight years according to the latest research from Halifax.

New mortgage borrowing figures reveals a 23% increase in first-time buyer applications during the three months between April and June, up from a 5% increase in the first quarter.

Prices for new build homes have increased by 1.9% in June, according to figures released by SmartNewHomes.com yesterday revealing a second consecutive month of positive price growth after consistent decreases since November 2004.

Annual house price inflation fell by almost 1% in May dropping from 6.9% the previous month to 6%, according to the latest figures from the Office of the Deputy Prime (ODPM).

House prices increased by 0.1% in June and overall house prices have remained static in the first six months to 2005 according to the latest Halifax House Price Index.

Annual house price growth has slowed to just 4.1% - its slowest rate since 1996 - according to the latest Nationwide House Price Index.

House prices could remain flat for the next seven years figures out today reveal.

House prices across the country are falling at their fastest rate since 1992, according to the latest report from the Royal Institution of Chartered Surveyors (Rics).

Further pressure is mounting on the Bank of England not to raise the base rate, with Nationwide claiming that consumer confidence is likely to have a big impact on the Monetary Policy Committee's (MpC) decision.

House prices fell by 0.6% last month leaving the market broadly unchanged, according to the latest Haifax House Price Index.