Double digit house price fall year-on-year

Published on

UK house prices in June were 10.7% lower than one year ago, according to the latest UK house price index statistics from the department for Communities and Local Government

The mix-adjusted average house price in the UK stood at £191,423 in June 2009 (not seasonally adjusted). UK house prices rose by 2.6% in the quarter ending June 2009. This compares with a fall of 3.8% for the quarter ending March 2009

Annual average house prices fell in England (-10.7%), Wales (-12.2%), Scotland (-7.1%) and Northern Ireland (-23.0%)

Annual average house prices paid by first time buyers in June 2009 were 11.7% lower than a year ago. By comparison average house prices paid by former owner occupiers were 10.3% lower.

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

OneDome secures $25m (USD) to fuel UK expansion

OneDome, the UK-based housing and fintech platform, has raised $25 million (USD) in a...

Bridging completion times fall to eight-year low as speed regains priority

The average time taken to complete a bridging loan fell to 43 days in...

Accounts manager jailed after £767k theft from Newcastle panel management firm

A senior employee at Newcastle-based Pure Panel Management has been jailed after embezzling more...

Cambridge BS opens new funding round for local housing and homelessness projects

The Cambridge Building Society has opened applications for its Community Fund, continuing its commitment...

Assetz Capital expands development finance offering

Assetz Capital has updated its development finance proposition to allow planning gain and residual...

Latest publication

Other news

OneDome secures $25m (USD) to fuel UK expansion

OneDome, the UK-based housing and fintech platform, has raised $25 million (USD) in a...

Bridging completion times fall to eight-year low as speed regains priority

The average time taken to complete a bridging loan fell to 43 days in...

Accounts manager jailed after £767k theft from Newcastle panel management firm

A senior employee at Newcastle-based Pure Panel Management has been jailed after embezzling more...