Prices slowly rally across the re­gion

Yorkshire Post - Property - - PROPERTY -

The Na­tion­wide in­dex re­veals that house prices are up 1.9 per cent on av­er­age in the past three months and 9.5 per cent over the past year.

In York­shire, prices rose 1.6 per cent over the last quar­ter and 7.2 per cent over the last 12 months. Martin Gah­bauer, Na­tion­wide’s chief econ­o­mist, says: “Over the last four quar­ters, an­nual house price growth in the South of Eng­land (London, Outer South East, Outer Metropoli­tan, South West and East Anglia) has out­paced that of the North of Eng­land. In the sec­ond quar­ter of 2010, house prices in the South were up 12.3 per cent year-on-year, while in the North they were up 7.8 per cent year-on-year. The South has seen a stronger re­cov­ery since the down­turn.”

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