Find us on StuRents
  1. Homepage
  2. Uncategorized
  3. UK house prices jumped by 10% in the year to November
UK house prices jumped by 10% in the year to November

UK house prices jumped by 10% in the year to November, the Office for National Statistics (ONS) said, despite people facing cost of living pressures.

Demand was particularly high outside of London. South West England saw prices rise by 12.9%.

The average UK house price in November was £271,000. That’s £25,000 higher than a year earlier, the ONS said. Durham Properties For Sale

In Scotland, the average house price hit a record level of £183,000 in November, where property values increased by 11.4% over the year.

In England, average house prices increased by 9.8% over the year to hit £288,000. In Wales, they climbed by 12.1% to £200,000 and in Northern Ireland they were up 10.7% to £159,000.

The slowest regional growth was a 5.1% annual increase in London.

Detached homes were becoming comparatively more expensive than other types of property, according to data from the Land Registry. In England, the average price of a detached homes was up 13.8% in a year, and in Wales it recorded an average 15.3% increase. In comparison, prices of flats had grown more slowly – up 5.1% in England and 6.9% in Wales.

 

Related Articles

Social Wall

Stay up to date with our latest posts

Who We Are

Leading Independent
Durham Estate Agents

Subscribe

0845 604 4485

enquiries@eliteestatesandlettings.com

Keep up to date

Error: Contact form not found.