16
Jun
House prices in the East Midlands show big rise
The value of houses in the East Midlands rose the most over the
past month, it has been revealed.
According to the latest House Price Index from the Department of
Communities and Local Government, the increase in average
mix-adjusted house prices was 2.7 per cent in the East Midlands,
the biggest rise in property value across the country.
The data revealed that all regions saw an increase in property
values from April 2009 to April 2010, with the average UK house
price being ten per cent more expensive this year than the previous
one.
London saw a rise of 16.8 per cent, whereas Yorkshire and the
Humber only saw a four per cent increase.
Annual growth for the East of England stood at 11.9 per cent and
for the East Midlands, growth was recorded at 9.2 per cent.
The average mix-adjusted house price in England was recorded at
£214,863, while Scotland and Wales' average house prices were
cheaper at £162,392 and £151,079 respectively.
Yesterday, the Royal Institution of Chartered Surveyors suggested
that house prices could continue to rise over the summer due to the
abolition of home information packs.