The Average Price of a property in England and Wales is now \u00c2\u00a3164,288 as at the end of March, 2010
\nSource: Land Registry<\/p>\n
The Monthly change between March and April in England and Wales was\u00c2\u00a0-0.6%.
\nThe Annual change between March and April in England and Wales was 7.5%.
\nSource: Land Registry<\/p>\n
The average price of a house is now \u00c2\u00a3168,202. House prices in April were 6.6% higher than a year ago. This was the largest increase in the annual rate of change – measured by the average for the latest quarter against the same period a year earlier – since October 2007 (8.9%).
\nSource: Halifax\/Lloyds TSB<\/p>\n
The price of a typical UK property rose by a seasonally adjusted 1.0% month-on-month (m\/m) in April, leaving house prices 10.5% higher than a year earlier. April’s figures show the first double-digit annual growth in UK house prices since June 2007.
\nAt \u00c2\u00a3167,802, the average price of a typical property is still 10% lower than the peak in October 2007.
\nSource: Nationwide<\/p>\n
As widely predicted, the Bank of England Monetary Committee confirmed that the Bank Base Rate is to remain at 0.5% for a further month.\u00c2\u00a0 It has been at this level since 05th<\/sup> March, 2009. House Purchase Lending in March 2010 was \u00c2\u00a35.6 billion as against \u00c2\u00a33.8 billion in March 2009.\u00c2\u00a0 Still lower than \u00c2\u00a37.1 billion in March 2008. Average outstanding mortgage for the 11.1m households who currently have mortgages now stands at \u00c2\u00a3111,590. The number of new mortgages taken out was 49,000 in March 2010, up by 25% on February, and 45% on the same time last year.
\nSource: Bank of England<\/p>\nMortgage Lending by the Major UK Lenders<\/h3>\n
\nSource: Bank of England<\/p>\nOutstanding Mortgage Debt<\/h3>\n
\nSource: Credit Action<\/p>\nNew Mortgages granted<\/h3>\n
\nSource: Council of Mortgage Lenders<\/p>\n","protected":false},"excerpt":{"rendered":"