House prices across the UK rose by 8.2% in the year to April, bringing the value of an average property to £209,054.
On a monthly basis, prices rose by an average 0.6% between March and April.
Looking at England alone, there was annual price increase of 9.1%, which takes the average property value to £224,731. Monthly house prices rose by 0.7% between March and April this year.
Wales showed an annual price increase of 1.7%, which takes the average property value to £139,385. However, prices fell by 1.9% between March and April.
The regional data indicates that:
- London experienced the greatest increase in its average property value over the last 12 months with a movement of 14.5%
- the North West experienced the greatest monthly growth with an increase of 2.3%
- the North East saw the lowest annual price growth with an increase of 0.1%
- the South West saw the most significant monthly price fall with a movement of -2.8%.
The House Price Index data is provided by the Land Registry.
Please contact us if you would like advice about the legal aspects of buying or selling a home. We have wide experience and provide a high quality and personal service to our clients. Contact us on residentialproperty@berrysmith.com or 02920 345511.