House prices finish year unchanged
AVERAGE house values finished last year unchanged at £221,331, down £854 (0.23 per cent) from the start of the year. But the North-south divide continued to widen, according to property portal Zoopla.
Scotland outperformed the rest of Britain in 2011, recording an average increase of 6.73 per cent. Average home values fell across England by 0.75 per cent (£1,719) and finished the year at £228,926, while the average property in Wales is now worth £153,826, down £172 (0.11 per cent).
Nicholas Leeming, director of Zoopla, said: “Londoners continue to see the market go from strength to strength, with high demand for a limited number of properties boosting house prices.”