16 Nov

Value of properties for sale in UK rise by 6.1 per cent

Value of properties for sale in UK rise by 6.1 per cent

The value of houses for sale in the UK has risen by 6.1 per cent over the year, a report has revealed.

Today (November 16th 2010), Communities and Local Government released its latest UK house price index, which showed that properties had grown in value over the last 12 months.

Findings also showed that the average price of a house for sale in England rose by 6.5 per cent, while they grew by 8.8 per cent in Wales.

Properties for sale in Scotland increased in value by 1.4 per cent, the report found - a figure that contradicts findings by Lloyds TSB also released today, which showed that the average price for a Scottish house rose by 4.6 per cent during the same period.

While prices increased over the year, the statistics showed that values fell by 0.8 per cent in September 2010 and by 0.7 per cent during the previous three months.

Simon Rubinsohn, chief executive of the Royal Institution of Chartered Surveyors, said: "Significantly, the quarter-on-quarter comparison is still in positive territory, although the momentum does appear to be waning." ADNFCR-1222-ID-800238947-ADNFCR

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