15 Dec

House values rise by £5,000 over 2010, report says

House values rise by £5,000 over 2010, report says

Property owners are likely to be pleased to hear that over the year their houses for sale in the UK have increased in value by nearly £5,000.

Yesterday (December 14th 2010), Zoopla.co.uk reported that the price of the average home in Britain rose by £4,978 in 2010, the equivalent of £13.64 every day.

This takes the average cost of properties for sale in Britain to currently come in at £215,824, rising from £210,846 in December 2009.

The website reported that homeowners in the UK gained a total of £130 billion during the year, making the value of the country's housing stock to be worth £5.55 trillion collectively.

According to figures, the first half of 2010 showed the greatest rise in property prices.

These findings support research released by Communities and Local Government earlier this week in its House Price Index for 2010, which revealed that there has been a rise of 5.9 per cent in the value of properties in England over the year. ADNFCR-1222-ID-800293129-ADNFCR

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