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...The latter’s shareholders, including Richard Branson’s Virgin Group whose fee for using the Virgin brand will run on for four years, will get a 40 per cent premium to the average pre-bid share price if it...
...The figures from Nationwide — which put the average cost of a property at £261,142 — were worse than expected....
...Nationwide’s proposed cash offer represents a 40 per cent premium to the three-month average price. That may look healthy....
...Nationwide warned that raising a deposit remained a major challenge for homebuyers....
...Prices were still 1.6 per cent higher than in March last year, taking the average cost of a property to £261,142....
...Robert Gardner, Nationwide’s chief economist, said that even with modestly lower prices, the deposit paid by a typical first-time buyer would be 105 per cent of their average annual gross income....
...The Nationwide Index, for example, is based on mortgages approved in the month, while the official house price index tracks prices of completed transactions....
...Nationwide reported that the average house price was £13,000 below its peak in August 2022, reflecting the hit to the market from higher borrowing costs....
...Nationwide said the average house price was £259,423 in October, down from a peak of £273,751 registered in August last year....
...Robert Gardner, chief economist at lender Nationwide, said that, relative to the national average, London house prices had been “trending lower” since 2016....
...The average house price was 4.7 per cent lower in the third quarter than in the same period last year, data showed on Monday....
...It took the average house price in the UK to £257,656, just 0.2 per cent below the level a year earlier. It followed an annual 1.8 per cent contraction in December....
...Prices rose 0.7 per cent from January, taking the average price to £260,420....
...The FTC estimated the new rule will raise an average worker’s earnings by $524 a year....
...The average house price fell 1 per cent month on month in March, down to £288,430 from February, when UK house prices hit a 16-month high of £291,338....
...— well above the long-run average of 29 per cent....
...The fall contrasts with rises in the Nationwide and Halifax house price indices, likely reflecting different methodologies and low transaction volumes....
...But it had no plans for a nationwide revaluation of the way council tax is calculated. “Councils are ultimately responsible for their own finances and for setting their own council tax,” it said....
...Last week, lender Nationwide reported that house prices rose 0.7 per cent month on month in January. Both Nationwide and Halifax base their house price indices on the mortgages they approve....
...Nationwide’s house price index for February recorded its first annual rise in house prices since January 2023, with prices up 1.2 per cent over the year....
...But the capital remained the most expensive part of the country, with the average home costing £505,000....
...The average cost of a home in the UK is now £260,828....
...More recent house price indices, based on deals approved in the latest month from mortgage providers Halifax and Nationwide, showed a sharp increase month on month in January, with Halifax indicating the...
...UK property prices have held up better than expected over the past year, falling by just 1 per cent on an annual basis, with the average UK house price sitting at £283,615 in November....
...The lender calculated a typical first-time buyer on average UK income would have to pay 38 per cent of their monthly take-home pay in mortgage costs, above the long-term average of 30 per cent....
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