Originally posted by Andyw
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All you lucky Labour Voters that live up north and can buy a house for 60k !!!Leave a comment:
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I wonder when the prices would hit again the 200.000 £ landmark, but in reverse
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What's 200K these days?
Absolute bargains the lot of them.
Buy whilst you still can.Leave a comment:
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oh dear: House prices near £200,000 mark
House prices near £200,000 mark
The price of an average home in England and Wales is closing in on £200,000, according to the Land Registry.
In the April to June period the average house price in England and Wales was up 7.71% on a year ago to £199,184.
In addition, the number of home sales jumped by 24% compared with last year, the registry said.
On Tuesday the Nationwide upped its forecast for house price growth in 2006 from the 0-3% range to 5%, despite a recent interest rate rise.
Last week, the Bank of England raised interest rates to 4.75% in a bid to quell inflation and some analysts think this move could cool the housing market.
Regional differences
The Land Registry figures show that annual house price inflation was at its highest, at more than 11%, in the north and north-west of England. The key London market saw prices rise by more than 8%.
Click here for regional price comparisons
At the other end of the scale, prices increased by 4% in East Anglia and by 4.4% in the East Midlands.
However, this is still ahead of both general price inflation and rises in average earnings.
Overall, the Land Registry report indicated that prices have risen in all parts of England and Wales during spring and summer.
Rate rise
The Land Registry's findings echo those of recent house price surveys by the Halifax and Nationwide.
Both groups noted that house price inflation - particularly in London - has beaten analysts' forecasts so far this year.
As a result, last week the Halifax upped its forecast for house price inflation in 2006 from 3% to 5%.
But last week's increase in UK interest rates to 4.75%, may dampen housing market demand, experts say.
Code:AVERAGE PRICES BY REGION Region Apr-Jun 2005 Apr-Jun 2006 % Increase North £124,055 £137,861 11.13 North West £132,015 £146,601 11.05 Yorks £133,692 £147,230 10.13 Greater London £293,349 £317,679 8.29 Wales £138,329 £149,063 7.76 West Midlands £155,115 £164,576 6.10 South East £223,373 £236,915 6.06 South West £195,496 £205,768 5.25 East Midlands £149,683 £156,243 4.38 East Anglia £174,929 £181,925 4.00 Source: Land Registry
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