House prices fall
Series: HBOS Press Release ; (October 2004) 4 November 2004 (4)Publication details: 2004Subject(s): Summary: The latest "Halifax house price index: October 2004" has been released. The findings show that house prices fell by 1.1% in Octobe 2004. Over the past year, house prices have increased by 18.5% with the annual rate of growth now below 20% for the first time in six months. There are tentative signs that the ratio of house prices to earnings may have peaked at 5.63 in July 2004 with a slight decrease to 5.57 in August. The recent series of interest rate increases have raised mortgage payments as a percentage of earnings from 14% to 19% for new borrowers over the past year. For further details go to the website. http://www.hbosplc.com/economy/nationalpressreleas e.asp| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4042-08 (Browse shelf(Opens below)) | 1 | Available | 127905-1001 |
The latest "Halifax house price index: October 2004" has been released. The findings show that house prices fell by 1.1% in Octobe 2004. Over the past year, house prices have increased by 18.5% with the annual rate of growth now below 20% for the first time in six months. There are tentative signs that the ratio of house prices to earnings may have peaked at 5.63 in July 2004 with a slight decrease to 5.57 in August. The recent series of interest rate increases have raised mortgage payments as a percentage of earnings from 14% to 19% for new borrowers over the past year. For further details go to the website. http://www.hbosplc.com/economy/nationalpressreleas e.asp