16 Jun

House prices in the East Midlands show big rise

House prices in the East Midlands show big rise

The value of houses in the East Midlands rose the most over the past month, it has been revealed.

According to the latest House Price Index from the Department of Communities and Local Government, the increase in average mix-adjusted house prices was 2.7 per cent in the East Midlands, the biggest rise in property value across the country.

The data revealed that all regions saw an increase in property values from April 2009 to April 2010, with the average UK house price being ten per cent more expensive this year than the previous one.

London saw a rise of 16.8 per cent, whereas Yorkshire and the Humber only saw a four per cent increase.

Annual growth for the East of England stood at 11.9 per cent and for the East Midlands, growth was recorded at 9.2 per cent.

The average mix-adjusted house price in England was recorded at £214,863, while Scotland and Wales' average house prices were cheaper at £162,392 and £151,079 respectively.

Yesterday, the Royal Institution of Chartered Surveyors suggested that house prices could continue to rise over the summer due to the abolition of home information packs.ADNFCR-1222-ID-19840310-ADNFCR

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