Av­er­age price up by 0.3pc on last year

Yorkshire Post - Property - - FRONT PAGE -

HOUSE prices in the UK are slightly higher than a year ago, ac­cord­ing to the gov­ern­ment’s house price in­dex.

The Of­fice for Na­tional Sta­tis­tics (ONS) said prices in Fe­bru­ary had risen by just 0.3 per cent over the past year.

Prices rose in London, the South East and Scot­land, but fell in North­ern Ire­land, Wales and the North East.

Hous­ing mar­ket ac­tiv­ity and prices were helped early in 2012 by first-time buy­ers look­ing to com­plete be­fore the stamp duty con­ces­sion ended on March 24.

The av­er­age price of prop­er­ties bought by first-time buy­ers was up by 1.3 per cent year-on-year in Fe­bru­ary, while prices were flat for prop­er­ties bought by ex­ist­ing own­ers.

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