12 Oct

Price of houses for sale in the UK sees 8.3 per cent rise

Price of houses for sale in the UK sees 8.3 per cent rise

The value of houses for sale in Britain has increased by 8.3 per cent between August 2009 and the following year.

According to figures from Communities and Local Government House Price Index for August 2010, the cost of an average mix-adjusted house in the UK stood at £213,116 in August 2010.

This represents a rise of 0.7 per cent from the previous month.

It also shows that house prices rose by 0.8 per cent during the quarter to August.

England saw the biggest increase in property prices at 9.3 per cent over the year, while values only rose by 0.4 per cent in Scotland.

Those buying houses for sale in the UK for the first time saw prices increase by 8.2 per cent, while previous homeowners experienced a rise of 8.3 per cent when buying another property.

Findings from Nationwide recently revealed that between August and September, house values rose by 0.1 per cent, taking the average price of a property to £166,757 compared with £166,507 the previous month. ADNFCR-1222-ID-800111553-ADNFCR

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