• Glossary of Terms
• Housing Market Update
• About Us
• Contact Us
• About Maxwell Hodgson

Housing Market Update

UK house prices were 10.1 per cent higher than in April 2009 and 0.4 per cent higher than in March 2010, according to the latest House Price Index from the Department of Communities and Local Government

The UK average house price rose by 10.1 per cent in the year to April 2010, compared with a rise of 9.7 per cent in the year to March. In the month to April 2010 there was a rise of 0.4 per cent in house prices compared with a fall of 0.4 per cent over the same period last year, resulting in an increase in annual house price growth.

House Price Index: Country

Annual house prices rose in all UK countries except Northern Ireland in the year to April 2010. Annual house price growth was 10.9 per cent in England, 2.2 per cent in Scotland and 11.3 per cent in Wales. In Northern Ireland prices fell by 8.9 per cent on average in the year to April.

House Price Index: Region

Average mix-adjusted house prices rose during April in all English regions with the exception of Yorkshire and the Humber, which fell by 0.5 per cent (not seasonally adjusted). The largest increase was in the East Midlands (2.7 per cent) and the smallest in the South East (0.2 per cent).

All regions have seen an increase in house prices over the year to April. The largest being in London (16.8 per cent) and the smallest in Yorkshire and the Humber (4.0 per cent). There was annual growth in the East of England (11.9 per cent), South West (11.5 per cent), South East (10.1 per cent), East Midlands (9.2 per cent), West Midlands (9.1 per cent), North East (7.8 per cent) and North West (6.7 per cent).

Source: myintroducer.com