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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