Annual UK house prices up 3.9% in February - Breaking The News

Annual UK house prices up 3.9% in February

28 February

1 min read

EPA-EFE/NEIL HALL

The prices of houses in the United Kingdom saw an annual growth of 3.9% in February, the Nationwide House Price Index reported on Friday. In comparison to the previous month, the index rose 0.4%. The average house price in the country in February stood at £270,493, increasing from £268,213 registered in January.

"Housing market activity has also remained resilient in recent months, despite ongoing affordability challenges. Indeed, the second half of 2024 saw a noticeable pick up in total housing transactions, which were up 14% compared with the same period in 2023 ... In terms of the pattern of transactions, it is notable that first-time buyer activity continued to recover, with mortgage completions in 2024 just 5% below 2019 levels," Robert Gardner, Nationwide's chief economist, commented.

data house prices

China's consumer price drop unchanged from 0.1% in April

an hour ago

China's consumer price index (CPI) fell by 0.1% in April from a year earlier, unchanged from March's 0.1% decline, the National Bureau of Statistics (NBS) said on Saturday.On a monthly basis, consumer prices rose by 0.1%, a change from March's 0.4% decline. The NBS also reported that the producer price index (PPI) fell by 2.7% year over year, marking a continued decline in factory-gate prices.The readings came within market expectations.

Baker Hughes: US oil rig count down by 5 to 474

10 hours ago

The number of oil rigs in the United States stood at 474 in the week ending May 9, decreasing by five from the previous week, according to the Baker Hughes weekly rig count released on Friday. The rig count fell by 22 on an annual basis.The US gas rig count was unchanged in the reported week, dropping by two compared to last year. The total number of rigs in the country currently stands at 578, down six from last week and 25 from the previous year.In...

Canada's unemployment rate up to 6.9% in April

14 hours ago

Canada's unemployment rate stood at 6.9% in April, increasing 0.2 percentage points from March's 6.7%, Statistics Canada revealed on Friday in a report.Meanwhile, employment was little changed in April, with the employment rate falling 0.1 percentage points to 60.8%. It declined among core-aged (25 to 54 years old) women, but grew for people aged 55 years and older and core-aged men. Employment decreased in manufacturing, wholesale, and...

Italy's industrial output up 0.1% in March

19 hours ago

Italy's industrial production increased by 0.1% in March compared to the month before, according to a report by the country's statistics office Istat published on Friday.Compared to February, March saw a jump in the production of capital goods of 2.2%, and intermediate goods output advanced by 1.1%. Meanwhile, consumer goods production fell by 1.3% and energy output observed an decrease of 1.9% month-on-month.On a yearly basis, Italy recorded a...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.