July 6, 2022

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Home costs rise a stunning 12.4 p.c within the UK this yr!

The common property value £281,000 in April, £31,000 greater than the earlier 12 months. That may be a rise of £3,000 on March’s £278,000 determine.

File ranges had been recorded in all components of Britain in April, the ONS stated, although consultants have famous a softening of the market since.

Costs rose over the yr to £299,000 (an 11.9 p.c annual bounce) in England; to £212,000 (16.2 p.c) in Wales; to £188,000 (16.2 p.c) in Scotland; and to £165,000 (10.4 p.c) in Northern Eire.

The South-west was the English area with the best annual value development (14.1 p.c) in April.

The bottom development was recorded in London (7.9 p.c) – the place the everyday home worth was £530,000, the very best of any area in Britain.

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