UK’S BIG­GEST HOUSE PRICE RISE

South Bucks de­fy­ing pre­dic­tions of a post-Brexit prop­erty slump

Buckinghamshire Advertiser - - FRONT PAGE - by Claire Miller buck­snews@trin­i­tysouth.co.uk Twit­ter: @Get_Bucks

BREXIT doesn’t ap­pear to have put much of a damp­ener on house prices in South Bucks, as they rock­eted by more than a fifth in a year.

The av­er­age home cost £636,215 at the end of July, up 22.7% in a year, one of the big­gest rises in Britain.

This is also much faster growth than in June, when prices were ris­ing at 14.4% year-on-year, and the av­er­age price was £587,645.

The av­er­age UK house price was £217,000 in July 2016. This is £17,000 higher than in July 2015 and £1,000 higher than last month, ac­cord­ing to fig­ures from the Of­fice for Na­tional Statis­tics.

How­ever, the speed of house price growth slowed in July, from 9.7% in the year to June to 8.3% in the year to July.

The main con­tri­bu­tion to the in­crease in UK house prices came from Eng­land, where house prices in­creased by 9.1% over the year to July 2016, with the av­er­age price in Eng­land now £233,000.

Wales saw house prices in­crease by 4.0% over the last 12 months to stand at £145,000. In Scot­land, the av­er­age price in­creased by 3.4% over the year to stand at £144,000. The av­er­age price in North­ern Ire­land is cur­rently £123,000.

On a re­gional ba­sis, Lon­don con­tin­ues to be the re­gion with the high­est av­er­age house price at £485,000, fol­lowed by the South East and the East of Eng­land, which stand at £313,000 and £274,000 re­spec­tively. The low­est av­er­age price con­tin­ues to be in the North East at £130,000.

The East of Eng­land is the re­gion which showed the high­est an­nual growth, with prices in­creas­ing by 13.2% in the year to July 2016.

Growth in Lon­don re­mains high at 12.3%, fol­lowed by the South East with an 11.9% an­nual growth. The low­est an­nual growth was in the York­shire and The Hum­ber, where prices in­creased by 4.7% over the year.

On the up: House prices in South Bucks have not been af­fected by the vote to leave the EU

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