By June 18, 2013 Read More →

House prices increase by 2.6%

  • In the 12 months to April 2013 UK house prices increased by 2.6%, down from a 2.7% increase in the 12 months to March 2013.
  • House price growth remains stable across most of the UK, although prices in London are increasing faster than the UK average.
  • The year-on-year increase reflected growth of 2.8% in England and 6.2% in Wales, which were offset by declines of 1.2% in Scotland and 0.8% in Northern Ireland.
  • Annual house price increases in England were driven by a 6.0% rise in London and a 3.6% increase in the East Midlands.
  • Excluding London and the South East, UK house prices increased by 1.4% in the 12 months to April 2013.
  • On a seasonally adjusted basis, UK house prices increased by 0.4% between March and April 2013.
  • In April 2013, prices paid by first-time buyers were 4.7% higher on average than in April 2012. For owner-occupiers (existing owners) prices increased by 1.9% for the same period.
Posted in: Mortgages

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Danny Wilson is an expert on all aspects of personal finance and has worked in the industry for long enough to know better....

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