Property Price Statistics prove interesting to those asking “who will buy my house now?”

Figures from the Office for National Statistics (ONS) have shown that house prices in the UK fell by 0.6% in March, though first time buyers did find themselves paying 2.8% more than in March 2011.

The ONS, which has taken over the DCLG’s house price index, said the average price of a UK property is now 0.4% lower than in March 2011 – at £225,283.

House prices in England and Scotland decreased by 0.3% over the year, while in Northern Ireland they decreased by 10.7%. In Wales, prices were up by 0.4% year-on-year.

The 0.2% drop in London – a market which had been outperforming the rest of the country and has not shown an annual fall since October 2009 – meant the prices in England were pushed down over the year – as well as a 1.4% drop in the rest of the south-east.
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May 20, 2012 at 1:04 pm | Uncategorized |
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