Call 020 8088 9012
Quick Call Back

Name

Telephone Number

Email Address

Best time to contact

Call 020 8088 9012
3let Our Charity Partner Reg Charity No. 1095197
Call 020 8088 9012
Quick Call Back

Name

Telephone Number

Email Address

Best time to contact

House prices back on the rise – ShareCast

 House prices back on the rise

dss house to rent

UK house prices showed the biggest year-on-year gain in April since December 2010, according to government data, though the increase was a far cry from the days when soaring house prices was a popular subject at dinner parties.


Data from the Office for National Statistics (ONS) indicates house prices were, on average, 1.4% higher in April than they were a year earlier, largely driven by rising prices in England.


Prices in England were up 1.7% in April from a year earlier, offsetting falls of 8.1%, 1.1% and 0.3% respectively in Northern Ireland, Wales and Scotland. In March, prices were down 0.4% on a year earlier.


To no one’s great surprise the booming London housing market was the most buoyant, with house prices in the capital up 4.9% from a year earlier. The South East and South West also saw notable rises, of 2.1% and 1.6% respectively, contrasting starkly with the situations in the North West and the Yorkshire and Humber regions, both of which registered annual declines of 1.3%.


Prices of newly built houses were 5.1% higher in April than they were a year earlier, while the average price of previously owned dwellings rose by 1.1% over the same period.


First time buyers are still having a hard time of it, with prices for those getting their feet on the first rung of the property ladder rising by 1.5% year-on-year.


The stamp duty holiday for first time buyers ended on March 25th and this led to a decline in the percentage of house purchases being made by this element of the house-buying constituency. In March, 43% of house sales were to first timers while in April this fell to 32%, in line with the longer term average.


“The decrease in the proportion of first time buyers had a differential impact on average house prices in some regions, where they decreased in March and then increased in April 2012,” the ONS said.


The ONS’s house price index rose 1.1% on a seasonally adjusted basis in April.


View the original article here

3Let work hard to deliver the best property management service. We work closely with our landlords and tenants to deliver a personal service tailored exactly to their needs. Contact Guaranteed Rental today on 020 8694 8098 to find out more.

Customer Testimonials for our Guaranteed Rental Scheme