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North West Sees Greatest Monthly Growth in House Prices in April

Figures from the Land Registry show that the North West experienced the greatest monthly growth in the average home value in April 2016.

Figures from the Land Registry show that the North West experienced the greatest monthly growth in the average home value in April 2016.

According to the latest house price report from the Land Registry, property prices in the North West rose by 2.3% in the month to April - marking the largest growth of any region in England, with the average house price in the North West now standing at £145,149, a 5.8% increase year-on-year.


Across the UK, prices in April increased by 0.6% from March 2016, bringing the average property value to £209,054, with England seeing the largest property price increases amongst the home nations. Prices in England increased by 9.1% from April 2015 with the average property now valued at £224,731. On a monthly basis, England saw prices rise by 0.7% since March 2016.


Regional data shows that while London experienced the greatest price increase when year-on-year with an annual price increase of 9.1% and the average value rising to £470,025.


Elsewhere in the UK, the South West saw the greatest monthly fall with a decrease of -2.8% in April from March 2016, whilst the North East experienced the lowest annual price growth, with an increase of just 0.1% from April 2015.


The data from the Land Registry reflects the latest House Price Index published by Halifax, which reported that property prices continued to grow throughout May, continuing the current upward trend of the UK housing market.

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