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:
After Boris announced he was backing Brexit, sterling suffered its biggest slump in six years. Our Market Mavens discuss. Follow the Market Mavens LinkedIn page for weekly videos, in which our panel of industry experts share their views on financial news
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 firstname.lastname@example.org to your safe senders list so we don't get junked.