Average house price £200k: DCLG

Published on

UK house prices were 0.6% higher in November 2009 than in November 2008 and 1.7% higher than in October 2009, according to seasonally adjusted day from the Department for Communities and Local Government.

The mix-adjusted average house price in the UK stood at £200,454 in November 2009 (not seasonally adjusted).

UK house prices rose by 3.5% in the quarter ending November 2009. This compares with a smaller (seasonally adjusted) rise of 2.6% for the quarter ending August 2009.

Annual average house prices rose in England (0.6%), Scotland (2.4%) and Wales (2.2%), but fell in Northern Ireland (-11.6%).

Annual average house prices paid by first time buyers in November 2009 were 3.9% higher than a year ago. By comparison average house prices paid by former owner occupiers were 0.7% lower.

Annual average house prices paid for new properties in November 2009 were 0.4% higher than a year ago and average house prices paid on pre-owned dwellings were 0.7% higher.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Nationwide drops mortgage rates to 3.64% in latest round of cuts

Nationwide Building Society will reduce rates across its mortgage range on Wednesday, with cuts...

Ingard partners with Usay Compare to widen advisers’ PMI offering

Ingard Network has formed a partnership with private medical insurance specialist Usay Compare, giving...

MAB appoints new transformation director to boost customer acquisition

Mortgage Advice Bureau (MAB) has appointed Alan Longhorn as transformation director for customer acquisition. Longhorn,...

Shawbrook broadens AVM use to accelerate bridging completions

Shawbrook has expanded the use of Automated Valuation Models (AVMs) across its bridging range,...

Selina Finance appoints new head of intermediaries to strengthen broker partnerships

Selina Finance has appointed Matthew Batte as head of intermediaries as the specialist lender...

Latest publication

Other news

Nationwide drops mortgage rates to 3.64% in latest round of cuts

Nationwide Building Society will reduce rates across its mortgage range on Wednesday, with cuts...

Ingard partners with Usay Compare to widen advisers’ PMI offering

Ingard Network has formed a partnership with private medical insurance specialist Usay Compare, giving...

MAB appoints new transformation director to boost customer acquisition

Mortgage Advice Bureau (MAB) has appointed Alan Longhorn as transformation director for customer acquisition. Longhorn,...