York­shire prices show a slow rise

Yorkshire Post - Property - - PROPERTY -

THE aver­age UK house price has hit £250,000 for the first time, ac­cord­ing to the Of­fice for Na­tional Sta­tis­tics.

The ONS says house prices are now 1.6% higher than in the pre-fi­nan­cial cri­sis peak in Jan­uary 2008.

Aver­age house prices in­creased in all nine English re­gions in 2013. The largest in­crease was in Lon­don, 12.3%, fol­lowed by the East, 4.6%, and West Mid­lands, 4.3%. Lon­don house prices are in­creas­ing at more than dou­ble the rate of the UK aver­age, which was 5.5%. Ex­clud­ing Lon­don and the South East, UK house prices in­creased by 3.1%.

In York­shire, prices in­creased by 1.8%, which was the slow­est rate of growth apart from Scot­land, where prices rose by 0.5%.

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