Bank of England maintains Bank Rate at 0.5%

Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion
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Greater Optimisim in Property Market hidden by Flat Month

The RICS February 2013 Housing Market Survey reports a flat market over the period. The headline national price balance actually fell slightly from -4 to -6 - meaning that 6% more surveyors saw price falls rather than rises over the past three months.
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February house prices continue upwards

Nationwide continues to see an increase in house prices in 2013 with a small increase in February: Price increased by 0.2% over the month of February 2013. Average price unchanged when compared to the previous year in February 2012 Typical average house now averages at £162,638 Commenting on the figures, Robert Gardner,Nationwides Chief Economist, said: “For the second month in a row UK house prices remained flat in annual terms, maintaining the trend of broad stability that has been evident over the past two years.” “While activity in the housing market remains subdued by historic standards, there have been tentative signs of a pick up in recent months. The Funding for Lending Scheme has achieved some success in bringing down mortgage rates,with encouraging signs of an improvement in credit availability. The Nationwide HPI also reported that: Homeownership continue to decline since 2003 ownership now stands at 65.3% in 2012 compared to...
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Sellers continue their increase in asking house prices

Rightmove.co.uks february House Price Index shows that sellers are continuing to push up asking prices, giving a strong increase in the start of 2013. Key Figures: Average asking price is £235,741 2.8% increase against the January HPI figures 1.1% increase over the past year since February 2012
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