Menu
08/08/2006
House prices soar to nearly £200,000
House prices in England and Wales have risen to nearly £200,000 according to the latest figures published by the Land Registry.
The price of an average home in England and Wales has increased by 7.71%, from £184,924 to £199,184 in one year.
This report, which covers the period of April to June 2006, coincides with recent Nationwide and Halifax data, which predicted the continuing rise in house prices.
The Bank of England, however, substantially raised interest rates from 4.5% to 4.75%, leading analysts to speculate this could damage demand for new housing in the near future.
Sales in England and Wales were also up by 24%, compared with the same period the previous year.
Houses in the North showed the greatest increase, with an 11.13% rise in value to £137,861 from £124,055, while at the other end of the scale, East Anglia went up only 4% in value from £174,929 to £181,925.
London property sales rose by 26.7%, to £317,679 - roughly 10 times more than the average wage in the capital, leading to concerns that prices of homes are rising at an alarming rate compared with income.
(JM/SP)
The price of an average home in England and Wales has increased by 7.71%, from £184,924 to £199,184 in one year.
This report, which covers the period of April to June 2006, coincides with recent Nationwide and Halifax data, which predicted the continuing rise in house prices.
The Bank of England, however, substantially raised interest rates from 4.5% to 4.75%, leading analysts to speculate this could damage demand for new housing in the near future.
Sales in England and Wales were also up by 24%, compared with the same period the previous year.
Houses in the North showed the greatest increase, with an 11.13% rise in value to £137,861 from £124,055, while at the other end of the scale, East Anglia went up only 4% in value from £174,929 to £181,925.
London property sales rose by 26.7%, to £317,679 - roughly 10 times more than the average wage in the capital, leading to concerns that prices of homes are rising at an alarming rate compared with income.
(JM/SP)
Related UK National News Stories
Click here for the latest headlines.
12 October 2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
29 October 2009
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
27 August 2010
England & Wales House Prices Rising
Property values have stabilised and last month even showed a small rise - with London houses topping the poll. The July data from Land Registry's flagship House Price Index shows an annual price increase of 6.7%, which takes the average property value in England and Wales to £166,798. The monthly change from June to July is an increase of 0.4%.
England & Wales House Prices Rising
Property values have stabilised and last month even showed a small rise - with London houses topping the poll. The July data from Land Registry's flagship House Price Index shows an annual price increase of 6.7%, which takes the average property value in England and Wales to £166,798. The monthly change from June to July is an increase of 0.4%.
01 March 2013
Prescriptions Prices To Rise In England
Prescription charges in England will rise by 20p from April 1, bring the cost to £7.85, the government has announced. The British Medical Association has however called the charges “unfair”, and called for prescription to be free, as the are in the rest of the UK.
Prescriptions Prices To Rise In England
Prescription charges in England will rise by 20p from April 1, bring the cost to £7.85, the government has announced. The British Medical Association has however called the charges “unfair”, and called for prescription to be free, as the are in the rest of the UK.
15 October 2013
ONS Figures Show Record High For House Prices
According to new figures from the Office for National Statistics (ONS), UK house prices reached a record high in August, standing at 185.8. The average house price is now at its highest since the house price index was established in 1968, peaking at £247,000, according to the ONS.
ONS Figures Show Record High For House Prices
According to new figures from the Office for National Statistics (ONS), UK house prices reached a record high in August, standing at 185.8. The average house price is now at its highest since the house price index was established in 1968, peaking at £247,000, according to the ONS.
-
Northern Ireland WeatherThis Evening and Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 7 °C.
