View the article online at http://citywire.co.uk/money/article/a592528
Londoners see house prices soar 5%
House prices in England and Wales fell 0.3% in April, but shot up 5.1% in the capital.
House prices in England and Wales fell 0.3% in April, according to new official figures.
This brings the average property price to £160,417.
|Region||Monthly change||Annual change||Average price|
|England & Wales||-0.30%||-1.00%||£160,417|
|Yorkshire & The Humber||0.60%||-5.60%||£115,783|
Source: Land Registry
London saw both the steepest monthly and annual rise in prices – up 5.1% in both cases, according to the Land Registry figures.
With a fall of 5.6%, Yorkshire & The Humber experienced the greatest annual price fall. Overall, prices are down 1% in England and Wales compared to the same period last year.
The number of properties sold in England and Wales, meanwhile, increased by 9% to 43,331 in February – which are the most up-to-date figures. Sales of properties worth over £1 million, on the other hand, dropped some 3% to 462.
Yesterday figures from Hometrack revealed that house prices rose 0.2% on the strength of the London market. Outside of the capital, only the South East and East Anglia saw modest price rises of 0.1%.
News sponsored by:
The Citywire guide to investment trusts
In association with Aberdeen Asset Management
What can SLI bring to the table for those who want to put their money into investment trusts?
More about this:
More from us
What others are saying
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add email@example.com to your safe senders list so we don't get junked.