Where’s hot and where’s not in UK

Yorkshire Post - Property - - PROPERTY NEWS -

PER­FOR­MANCE: The Land Registry House price in­dex an­nual re­view 2016 shows that the lo­cal au­thor­ity show­ing the largest an­nual growth last year was Slough, where prices in­creased by 19.6 per cent.

This in­crease is thought to be driven by the de­vel­op­ment of Cross­rail. The low­est an­nual growth was recorded in the City of Aberdeen, where prices fell by 8.7 per cent, which could be due to the im­pact of fall­ing oil prices on the lo­cal econ­omy. The av­er­age UK an­nual growth rate for the year was 7.5 per cent, 1.6 per­cent­age points above that of 2015. The strong UK house price growth is sup­ported by a short­age of homes for sale.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.