House prices up but by how much?

Yorkshire Post - Property - - PROPERTY -

AV­ER­AGE UK house prices have risen by 1.8 per cent be­tween Au­gust 2011 and the same month this year, ac­cord­ing to the Of­fice for Na­tional Sta­tis­tics.

The cal­cu­la­tion is in con­trast to the Land Reg­istry’s fig­ures, which show a 0.7 per cent in­crease on Au­gust last year.

Ac­cord­ing to the ONS re­port, house prices grew 2.1 per cent in Eng­land, 0.5 per cent in Scot­land and 1.4 per cent in Wales be­tween Au­gust 2011 and Au­gust 2012, but dropped 12.8 per cent in North­ern Ire­land.

The an­nual house price rise in Eng­land was driven by a 6.3 per cent rise in Lon­don.

In Au­gust this year, prices paid by first-time buy­ers were 2.9 per cent higher on av­er­age than in Au­gust 2011.

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