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The regions lead property price growth in the UK

Property prices in the UK are continuing to rise with the regions emerging as the greatest factor in the increasing prices.

UK Regional Property Investment

Property prices in the UK are continuing to rise with the regions emerging as the greatest factor in the increasing prices.

According to the latest figures from the Office of National Statistics, house prices in the UK are on course to increase by double digits yet again as regional property boosts the markets. In the year to May 2015, prices have increased by 5.7%, a 0.2% increase from April’s figures, and this expected to continue as the year progresses.


Split between the nations, Northern Ireland leads the increases with 10.5%, England with 5.8%, Scotland at 2.9% and Wales at 2.5%.


Following the General Election, prices rose in five of the nine regions in the UK, with demand continuing to outstrip supply across the board. The average UK property price now stands at £274,000 according to the ONS, with the increases seen in the regions a driving force behind the overall increase.


The continued demand for property in the UK has meant that availability of homes on the market has dwindled, working to drive the prices of property up across most housing types and across the UK. These market conditions have continued to favour buy-to-let investors who are looking for a high balance of capital appreciation and rental return from their property investments.

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