Annual property growth hits 8% says government

Posted: 13 Nov 2006 11:09:28 GMT


            Property News - Annual property growth hits 8% says government

The annual rate of UK house-price inflation grew from 7.4 per cent in August to 8.0 per cent in September, the latest government figures have shown

The annual rate of UK house-price inflation grew from 7.4 per cent in August to 8.0 per cent in September, the latest government figures have shown.

The average home in England is now worth £206,431, compared to £160,556 in Wales, £145,653 in Scotland and £168,805 in Northern Ireland.

Terraced houses and flats led with growth of 1.3 per cent, followed by bungalows (0.9 per cent), detached houses (0.4 per cent) and semi-detached houses (0.2 per cent).

London was the fastest regional gainer, up 9.0 per cent, followed by Yorkshire and the Humber on 8.9 per cent and the north-east and south-west, both on 7.9 per cent.

The south-east, east and East Midlands trailed on 5.9 per cent, 5.8 per cent and 5.1 per cent respectively.


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