(ONS) House Price Index: April 2016

House Price Index: April 2016 released yesterday June 14th by the Office for National Statistics:

UK average house prices have increased by 8.2% in the year to April 2016 (down from 8.5% in the year to March 2016), continuing the strong growth seen since the end of 2013.

The average UK house price was £209,000 in April 2016. This is £16,000 higher than in April 2015, and £1,300 higher than last month.

The main contribution to the increase in UK house prices came from England, where house prices increased by 9.1% over the year to April 2016, with the average price in England now £225,000. Wales saw house prices increase by 1.7% over the latest 12 months to stand at £139,000. In Scotland, the average price increased by 3.3% over the year to stand at £138,000. The average price in Northern Ireland is currently £118,000.

On a regional basis, London continues to be the region with the highest average house price at £470,000, followed by the South East and the East of England, which stand at £302,000 and £263,000 respectively. The lowest average price continues to be in the North East at £122,000.

To read the ONS House Price Index April 2016 in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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