UK Property Market

Average house price up to £180, 594 in May

According to a study by Land Registry, house prices increased by 8.9 per cent since May last year. With an annual rise of over six percent, London Remains the most expensive location for buying a home. The London Average price house of £335,658 stays firm at number one, while the south-east follows in second, with £220,872.

In what property types are concerned, the most significant rises were recorded for flats and maisonettes, with 10.4 per cent since May 2006. Next are terraced homes, with 9.2 per cent, semi-detached properties, with 8.3 per cent, and detached homes, with 7.2 per cent. Only two regions across England And Wales Saw decreases in home prices, the north-west and the north-east, while in the south-east prices remained at the same levels.

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