Jun
09

Property Prices

property prices

Figures published by the Land Registry last week showed that house prices in England and Wales rose by 5.1% over the year to the end of April, and by 0.9% from March to April. The average UK property price in May was £195,166.

This was driven, in part, by a 5.6% increase in the value of semi-detached homes over the year, ahead of flats (up 5.4%) and detached homes (up 5.1%). It was also the result of some rapid rises in some areas of England. Prices rose the fastest in London over the year, up 10.9%, and in the South East of England, up 8.8%.

The slowest annual property price growth was in Wales, where they rose 0.3%.

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