Partly Cloudy

Partly Cloudy

max temp: 18°C

min temp: 15°C

Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

National: House prices surge again in 2014

09:41 06 March 2014

New Homes

New Homes

Archant

Growing confidence boosts the housing market

House prices surged at their strongest annual rate since 2007 in February amid improving consumer confidence and continued access to cheap mortgage deals, the Halifax has reported.

Values lifted by 7.9% on a year ago, taking the average price across the UK to £179,872 and marking the strongest annual uplift since October 2007.

The pace of the annual rise has strengthened from 7.3% in January.

Prices were 2.4% higher than a month earlier, which the Halifax said is in line with recent average monthly increases.

Stephen Noakes, mortgages director for Halifax, said the improving economy, falling unemployment, growing consumer confidence and continued low interest rates all appear to be boosting housing market demand.

Some experts have raised concerns that Government schemes such as Help to Buy are pushing house prices further out of some people’s reach by fuelling strong demand in the market without the supply of properties for sale keeping up.

But Mr Noakes said there are factors which should help to keep a lid on house prices.

He said: “Continuing pressures on household finances, as earnings fail to keep pace with consumer price inflation, are expected to remain a constraint on the rate of growth of house prices.

“We are also seeing signs of a revival in housebuilding, which should help bring supply and demand into better balance and curb upward pressure on prices over the medium and longer terms.”

0 comments

A man police would like to speak to following three alleged fraud incidents in Ipswich

Suffolk police officers have released an image of a man they would like to speak to following three incidents of alleged fraud in Ipswich.

Wherstead Road

Drivers experienced long delays in and out of Ipswich this evening while safety checks were made to the railway bridge in Wherstead Road.

An Abellio Greater Anglia train at Colchester

Passenger satisfaction levels in the region’s rail operator have dropped in key areas including value for money and punctuality, a new poll has revealed.

Mark Bee and George Nobbs at Beccles bridge in 2013 - both former leaders voted against the devolution deal.

Suffolk’s councils have done their bit on approving the government’s devolution proposals – but the decision on whether to proceed remains up in the air.

The St Elizabeth Hospice Bubble Rush.will take place on August 28 at Christchurch Park.

Today is the last chance to get early bird discount for Suffolk’s first ever Bubble Rush.

The Orwell Bridge

The Orwell Bridge was closed for a short time this morning because of a police incident.

Damage to Matthew Bonner's car

An Ipswich man whose car was broken into earlier this year has criticised police after officers closed an investigation into the crime.

Stock image

Police have identified the possible location of a rape in Hadleigh last week.

Zoella is a firm favourite with teens.

You could be forgiven for thinking that PewDiePie, Zoella, CutiePieMarzia and ThatcherJoe are characters from a new Cbeebies programme, but they are not. These are the rock stars and movie heroes of the current teenage generation.

The ninth annual Additude festival raised more than £4,000 for ChildLine and the NSPCC at Adastral Park over the weekend

Singing in the rain was a past time which certainly had to be embraced at Adastral Park’s seventh annual music festival Additude at the weekend, as the heavens opened for much of the day.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24