How much is your house worth? by Finance News Bulletin

Published: 30/01/07

home prices have soared by a £17,000 in Northern Ireland over the history three months thanks to its successful economy and a continuing boom in investmentWHERE'S HOT The latest local house cost study from nationwide reveals Britain's property hotspotsThe country has left from the cheapest place to buy a home in the UK, at the start of 2005, to more expensive than the North, Yorkshire, Scotland and Wales according to the latest complete study by Nationwide Building SocietyThe cost of the average Northern Irish house has risen by 24

9% in the past year, according to Nationwide's quarterly house cost survey, putting it at the the top of the UK's accommodation hotspotsAn average home in Northern Ireland now expenses £146,367, after it posted a 92% rise in home prices from March to JuneHouse prices also continued to roar in front in Scotland, where annual growth stands at 10

7% and the price of the average house has jumped £7,150 since MarchNationwide said a shortage of homes in London and the South had led to prices rising swiftly over the history three months and the provide of homes was also tailing off in East Anglia and the Midlands But the quarterly go up in the price of the standard home, which now costs £165,035, slipped from 22% to 0

9% from March to JuneFionnuala Earley, Nationwide's group economist, supposed: 'The areas around London are also seeing higher growth compared with last year, suggesting the ripple result is still relevant in the UK accommodation market'There is a clear prototype of acceleration in house price growth in the South in the regions closest to London, compared with last year At the same time there is obvious deceleration in all of the regions in the North

Looking at home cost movements between April and June, East Anglia and Northern Ireland were the only parts of the UK where the districtly growth rate was higher in the second district of 2006 than the first'What is happening to property in your area Is the market on the up or ready to collide Share your opinion below

If only others understood this As a FTB, I diagram to buy in about 5 years time when I expect prices to be distant lower in genuine times The correction is on its way and will cause many a great deal of acheWorking out the true worth of a house is simple

Get an Estate Agent to value it, then take away 50%Select a loan term 6 months 1 year 18 months 2 existence 3 existence 4 existence 5 existence 6 existence 7 existence 8 existence 9 years 10 yearsPlease choose a type of insurance Life insurance Home and contents Car stop working services Health - medical Health

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