North-south divide in house prices
AVERAGE house prices in the UK rose by 1.4 per cent in the year to April 2012, according to the Office of National Statistics. The average price was £229,000 in April, which is up 1.1 per cent on April 2011,
There was also a marked 5.1 per cent annual rise in the price of new homes, compared with the overall 1.1 per cent rise for secondhand homes. The average price for a new dwelling in April this year was £216,000 and for a secondhand home £229,000.
London, the south west and south east performed well, revealing a North-South divide. House prices dropped by 1.3 per cent in both the North-West and Yorkshire.
In Wales, prices dropped by 1.1 per cent and in Scotland by 0.3 per cent.