17 Sep

Houses prices 'higher than 2009'

Houses prices 'higher than 2009'

Estate agents will be pleased to hear that house values were 8.4 per cent higher in July 2010 than in the previous year.

This is according to recent findings by the Communities and Local Government department.

Figures showed that values had shot up, taking the average house price in the UK to £212,878 in July.

This represents a rise of 0.8 per cent during the three months leading to July, while the quarter to April saw an increase of 1.1 per cent.

Figures showed that new properties had fared particularly well over the past 12 months, rising in value by 9.5 per cent.

A recent report form Halifax also revealed that house values continued to rise during August.

The mortgage provider's House Price Index showed that prices rose by 0.2 per cent from the previous month.

Despite this, the Communities and Local Government department reported that prices dropped by 0.3 per cent from June to July.ADNFCR-1222-ID-800069034-ADNFCR

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