Average property value stands at £209,054 in UK
According to the Land Registery’s UK House Price Index for April 2016 results, house prices increased by 8.2 percent in April compared to the last year in UK.The average property value in the UK reached £209,054.Monthly house prices rose by 0.6% since March 2016.
In England, the April data shows an annual price increase of 9.1% which takes the average property value to £224,731. Monthly house prices rose by 0.7% since March 2016.
Wales shows an annual price increase of 1.7% which takes the average property value to £139,385. Monthly house prices fell by 1.9% since March 2016.
London shows an annual price increase of 14.5% which takes the average property value to £470,025. Monthly house prices rose by 0.6% since March 2016.
The regional data indicates that:
-London experienced the greatest increase in its average property value over the last 12 months with a movement of 14.5%
-the North West experienced the greatest monthly growth with an increase of 2.3%
-the North East saw the lowest annual price growth with an increase of 0.1%
-the South West saw the most significant monthly price fall with a movement of -2.8%
The number of UK home sales continued to grow in the three months to April 2016 (Feb-Apr): rising by 8.3% relative to the preceding three months (Nov-Jan), although sales fell by 45.2% in April 2016 compared with March 2016.