Property Alert Login | Not a member? Sign Up

 

Average house prices fall in all but one English region

Date online: 24/05/2018

Average property prices fell in all but one English region during March, according to the latest official UK House Price Index.

Overall, the national average price fell by 0.2% between February and March - meaning the typical UK home is valued at £224,144.

National annual growth remains steady at 4.2%, the index shows.

However, on an annual basis London continues to perform poorly, recording growth of -0.7%. Scotland (6.7%) and the East of England (5.8%) are the top performers when it comes to annual growth.

Regionally, the East of England was the only area in the country to record a monthly price rise (1%), while the most significant monthly drop was recorded in the North East (-1.5%).

The highest regional average price remains in the capital at £471,944, while the lowest is also in the North East at £124,381.

In Wales, the average property price was £152,999 in March, representing -0.1% monthly growth and an annual price rise of 3.5%.

Between March 2017 and the same month this year, the average cost of a Detached house has increased by 5.1% (£367,859), while semi-detached (£223,241) and terraced homes (£194,099) both recorded year-on-year growth of 4.5%.

Flats and maisonettes now average at £223,619 - 1.1% higher than in March last year.

Taken from www.estateagenttoday.co.uk

DPS Logo Property Live Logo Prime Location Logo Landlord Zone Logo Zoopla Logo Residential Landlords Association Logo Home.co.uk Logo

See our properties on rightmove Read our reviews on My Local Services NetRent - Houses and flats to rent throughout the UK I am Sold - Intelligent Auction Managment