Best of the Week
Most Popular
1. Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - P_Radomski_CFA
2.Fed Balance Sheet QE4EVER - Stock Market Trend Forecast Analysis - Nadeem_Walayat
3.UK House Prices, Immigration, and Population Growth Mega Trend Forecast - Part1 - Nadeem_Walayat
4.Gold and Silver Precious Metals Pot Pourri - Rambus_Chartology
5.The Exponential Stocks Bull Market - Nadeem_Walayat
6.Yield Curve Inversion and the Stock Market 2019 - Nadeem_Walayat
7.America's 30 Blocks of Holes - James_Quinn
8.US Presidential Cycle and Stock Market Trend 2019 - Nadeem_Walayat
9.Dear Stocks Bull Market: Happy 10 Year Anniversary! - Troy_Bombardia
10.Britain's Demographic Time Bomb Has Gone Off! - Nadeem_Walayat
Last 7 days
Tory Leadership Contest - Will Michael Gove Stab Boris Johnson in the Back Again? - 19th May 19
Stock Market Counter-trend Rally - 19th May 19
Will Stock Market “Sell in May, Go Away” Lead to a Correction… or a Crash? - 19th May 19
US vs. Global Stocks Sector Rotation – What Next? Part 1 - 19th May 19
BrExit Party EarthQuake Could Win it 150 MP's at Next UK General Election! - 18th May 19
Dow Stock Market Trend Forecast 2019 May Update - 18th May 19
US Economy to Die a Traditional Death… Inflation Is Going to Move Higher - 18th May 19
Trump’s Trade War Is Good for These 3 Dividend Stocks - 18th May 19
GDX Gold Mining Stocks Fundamentals Update - 17th May 19
Stock Markets Rally Hard – Is The Volatility Move Over? - 17th May 19
The Use of Technical Analysis for Forex Traders - 17th May 19
Brexit Party Set to Storm EU Parliament Elections - Seats Forecast - 17th May 19
Is the Trade War a Catalyst for Gold? - 17th May 19
This Is a Recession Indicator No One Is Talking About—and It’s Flashing Red - 17th May 19
War! Good or Bad for Stocks? - 17th May 19
How Many Seats Will Brexit Party Win - EU Parliament Elections Forecast 2019 - 16th May 19
It’s Not Technology but the Fed That Is Taking Away Jobs - 16th May 19
Learn to Protect your Forex Trading Capital - 16th May 19
Gold Ratio Charts Offer The Keys to the Bull Market - 16th May 19
Is Someone Secretly Smashing the Stock Market at Night? - 16th May 19
Crude Oil Price Fails At Critical Fibonacci Level - 15th May 19
Strong Stock Market Rally Expected - 15th May 19
US China Trade Impasse Threatens US Lithium, Rare Earth Imports - 15th May 19
Gold Mind Reader's Guide to the Global Markets Galaxy: 'Surreal' - 15th May 19
Trade Wars and Other Black Swan Threats to Your Investments - 15th May 19
Our Long-Anticipated Gold Momentum Rally Begins - 15th May 19
Defense Spending Is Recession Proof - Defense Dividend Stocks - 15th May 19
US China Trade Issues Will Drive Market Trends – PART II - 14th May 19
The Exter Inverted Pyramid of Global Liquidity Credit risk, Liquidity and Gold - 14th May 19
Can You Afford To Ignore These Two Flawless Gold Slide Indicators? - 14th May 19
As cryptocurrency wallets become more popular, will cryptocurrencies replace traditional payments? - 14th May 19
How US Debt Will Reach $40 Trillion by 2025 - 14th May 19
Dangers Beyond a Trade War with China - 14th May 19
eBook - Greatest Tool for Trading? - 14th May 19
Classic Pitfalls for Inexperienced Traders - 14th May 19
Stock Market S&P 500 Negative Expectations Again - 13th May 19
Why Rising Living Standard in China Offers Global Hope - 13th May 19
Stock Market Anticipated Correction Starts On Cue! - 13th May 19
How Chinese Trade Issues Will Drive Stock Market Trends - 13th May 19
Amazon SCAM Deliveries for Fake Verified Purchaser Reviews "Brushing" - 13th May 19
Stock Market US China Trade War Panic - Video - 13th May 19
US Stock Market Leading Macro Economic Indicators Update - 12th May 19
SAMSUNG - BC94.L - Investing in AI Machine Intelligence Stocks - 11th May 19
US Increases Trade Tariffs Against China – Stock Markets, Gold, and Silver - 11th May 19
Who Has More To Lose In A No Deal Brexit? - 11th May 19
Gold at $1,344 Will Start Real Fireworks on the Upside - 11th May 19
Make America’s Economy Great Again - 10th May 19
Big US Stocks’ 2019 Fundamentals - 10th May 19
Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - 10th May 19
Stock Market Shake-Out Continues – Where Is The Bottom? - 10th May 19

Market Oracle FREE Newsletter

U.S. House Prices Analysis and Trend Forecast 2019 to 2021

UK Housing Market Movers and Shakers of 2007

Housing-Market / UK Housing Dec 28, 2007 - 10:55 AM GMT

By: Nationwide

Housing-Market • Almost one third of Nationwide’s survey of 30 towns and cities saw double-digit house price growth in 2007 • St Albans remains the most expensive town in the UK with an average house price of almost £350,000 • Belfast saw the fastest rate of house price growth in the UK – house prices rose by £200 a day


• Oxford maintains its position as one of the most expensive places to live, while boat race rival Cambridge slips back in the rankings
• Newcastle and Durham both saw prices fall by 3% in the year

Commenting on the figures Fionnuala Earley, Nationwide’s chief economist, said: “House price growth recorded another strong year in 2007, but the national figures disguise movements in different parts of the country. Nationwide’s house price survey of 30 major towns and cities in the UK shows how wide the disparities across the country can be.

“During 2007, a total of five towns and cities broke through the £300,000 barrier. Belfast, Oxford, London, Brighton and Cambridge joined St Albans as towns and cities in the UK where the average house price exceeds £300,000.

“Belfast saw the fastest rate of house price growth in 2007. Prices increased by 32% to take the average house price to £306,698. This is equivalent to an increase of £201 per day and brings Belfast up to fifth place in the ranking of most expensive towns and cities in our sample (up from seventh place this time last year), overtaking Edinburgh and Cambridge.

“St Albans is still the most expensive town in which to buy a house in the UK. The average price in St Albans is £347,563 – over £40,000 higher than in Belfast and just over £8,000 more than its closest rival Oxford. House prices in St Albans increased by 13% during the year, this is equivalent to a daily increase of £112.

“Oxford and Cambridge broke through the £300,000 barrier and Oxford maintained its position as the second most expensive town in our sample. However, its boat race rival Cambridge slipped back two places to sixth place. Oxford saw the fourth fastest rate of growth during 2007 (joint with St Albans), at 13% compared to the 9% rise in prices experienced by Cambridge.

“In the North, Newcastle and Durham both saw prices fall by 3% in 2007. Durham is the cheapest city in our sample with an average house price of £152,902. Newcastle slipped back three places to 24th place in 2007. House prices fell by the equivalent of £15 per day in 2007 taking the average price of a house in Newcastle to £178,309.

“With an average house price of £257,288, Edinburgh was the only Scottish city to appear in the top ten, coming in at seventh place. However, in terms of house price growth, Aberdeen was the stronger performer with an increase of 25% and an average daily rise of £130 – almost double that of Edinburgh.

Fionnuala Earley
Chief Economist
Tel: 01793 656370
Mobile: 07985 928029
fionnuala.earley@nationwide.co.uk
Kate Cremin
Press Officer
Tel: 01793 656517
kate.cremin@nationwide.co.uk

 

http://www.nationwide.co.uk/


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules