UK house prices saw their second consecutive monthly fall in August, according to Nationwide. The lender recorded a 0.9% decline in the average value of a home, following a 0.5% month-on-month fall in July. The annual rate of inflation remained in positive territory at 3.9% but was down sharply, from 6.6% in July and 8.7% [...]
The latest survey from the Nationwide Building Society has revealed a further fall in UK consumer confidence for the month of July. The building society’s consumer confidence index plunged from 63 in June to 56 last month – the lowest level since May 2009, due to the Government’s tough austerity measures. The Nationwide said the [...]
UK house prices fell back in July, for the first time since February, as buyer demand remained weak.
According to Nationwide, the average value of a home declined by 0.5%, to £169,347, taking the annual rate of inflation down to 6.6%, compared with 8.7% in June.
The lender notes that the sizeable drop is due in part [...]
London homebuyers are prepared to pay a considerable premium to be close to a Tube or train station, according to research from Nationwide.
A property 500m from the nearest station is likely to cost 7% (typically £20,300) more than a similar home 1,500m distant.
Premiums increase as you move closer towards a station: for example, an identical [...]
Nationwide Building Society is to terminate its £20 million sponsorship deal of the England football team after 11 seasons.
The announcement is a further blow to the England team and follows its early exit from the World Cup tournament.
The Nationwide, which is Britain’s largest building society, said it submitted an offer to extend the sponsorship for [...]
UK house prices managed a 0.1% rise in June, compared with a month earlier, taking the average value of a home to £170,111, according to Nationwide.
A flurry of new instructions following the abolition of Home Information Packs may have slowed the rate of gain, which fell back from 0.5% in May.
The smoother three-month-on-three-month measure increased [...]