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

Conveyancing delays seen as biggest obstacle to smoother home moves

Conveyancing is viewed as a bigger barrier to a smooth property transaction than chains,...

Millions of households exposed to financial shocks despite apparent stability

Millions of UK households that appear financially secure could struggle to absorb an unexpected...

The Mortgage Hut adopts Instamo tool to speed up mortgage applications

The Mortgage Hut has introduced Instamo's FastSubmit technology to reduce the amount of manual...

FCA sets out timetable for major expansion of anti-money laundering supervision

The FCA expects to begin taking over anti-money laundering supervision of legal, accountancy and...

MAB revenue rises as refinancing drives mortgage completions

Mortgage Advice Bureau reported an 8.6% increase in first-half revenue to £161.0m as higher...

Latest publication

Other news

Conveyancing delays seen as biggest obstacle to smoother home moves

Conveyancing is viewed as a bigger barrier to a smooth property transaction than chains,...

Harpenden’s expat move could be bigger than the numbers suggest

Harpenden Building Society’s move into expat mortgages this summer has been good news for...

Millions of households exposed to financial shocks despite apparent stability

Millions of UK households that appear financially secure could struggle to absorb an unexpected...