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UK Annual Property Price Average Continues to Rise

Recently released data from the Office of National Statistics (ONS) has suggested that UK average house prices have continued to grow.

UK Housing Market Investment

Recently released data from the Office of National Statistics (ONS) has suggested that UK average house prices have continued to grow.

In the year to July the average UK house increased by 5.2%, meaning an average mix-adjusted price per home of £282,000.


Overall average house prices in seven of the nine English regions are at record levels, with prices in the North West surpassing the pre-economic downturn peak of January 2008 for the first time. In fact, even when you take out London and the South East, which tend to have higher prices, the average annual growth was still 4.4%.


Whilst we might be used to London and the South East performing strongly in terms of growth, it is certainly encouraging to see the remainder of the UK now following suit. This could lead to many property investors widening their search to other regions across the UK, in order to take advantage of the capital appreciation in those areas.


These statistics indicate that the property market across the UK is showing stable progression as we climb out of the downturn and should breed further confidence in the UK residential sector.


Prinvest UK offers selection of investment projects in North England region


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