House prices are up 3.5% but Lon­don val­ues drop

Solihull News - - FAITH MATTERS -

HOUSE prices in Eng­land are grow­ing at a slower an­nual rate than those in the rest of the UK as prop­erty val­ues in Lon­don con­tinue to fall, of­fi­cial fig­ures show.

Across the UK, house prices in­creased by 3.5% in the year to Septem­ber to reach £ 233,000 on av­er­age, fig­ures re­leased jointly by the Of­fice for Na­tional Statis­tics ( ONS), Land Registry and other bod­ies show. Prices were un­changed mon­thon- month.

An­nual house price growth in Eng­land was slower in Septem­ber than that in Scot­land, Wales and North­ern Ire­land, the re­port said.

House prices in Eng­land in­creased by 3% in the year to Septem­ber, tak­ing the av­er­age prop­erty value there to £ 249,000.

In Wales and Scot­land, house prices in­creased by 5.8% an­nu­ally, tak­ing av­er­age prices in Wales to £ 162,000 and those in Scot­land to £ 153,000. House prices in North­ern Ire­land in­creased by 4.8% over the year to £ 135,000 on av­er­age.

Within Eng­land, house prices in Lon­don fell by 0.3% an­nu­ally. Lon­don house prices have fallen over the year each month since March 2018.

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