Halifax said the average UK house price rose to £168,521 in March. But what does that mean for you? From Northern Ireland to Kent and Edinburgh to Cornwall, we list 10 properties you can buy for £168,521. Prices climbed 1.1pc to £168,521, last month compared with February, and have now rallied 9.1pc since reaching their recent low in April 2009. The average cost of a home is now 6.9pc higher than a year ago, Halifax, which is owned by Lloyds, said in a statement. The record low level of interest rates have helped house prices stage a rally since April, 2009, despite the UK suffering its deepest recession since the 1930s. The Bank of England kept interest rates at 0.5pc today. "The (Halifax) data reinforces our suspicion that house prices will be erratic in 2010, and we still suspect that prices may very well be no better than flat over the year," said Howard Archer, an economist at Global Insight. After emerging from recession in the final three months of last year, the UK economy has delivered mixed signals so far this year. Retail sales have slowed, while the manufacturing sector has strengthened. Separately, new figures showed that factory production increased more than twice as expected in February. Manufacturing output rose 1.3pc compared with the previous month, the Office for National Statistics said today. The Bank of England has pinned some of its hopes for recovery on the weakness of the pound driving an increase in UK exports.
Sunday, 11 April 2010
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