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Average house price is 188K, says DCLG

House prices rose by 5.1% in April from 186,000 in March to 188,000, the latest housing index from the Department for Communities and Local Government has revealed.

Annual house price inflation in London was 7.1% in April 2006, up from 4.0% in March 2006.

The UK annual house price inflation rate for the three months to April 2006 was 3.9%, and 4.2% in London. The UK house price inflation rate rose from 3.3% in March 2006 to 5.1% in April 2006.

Prices rose by 0.9% between March and April, compared to a fall of 0.8% seen over the same period last year.

The rise in UK prices between March and April can be attributed to rises in average prices for all property types, in particular for terraced houses (2.0%, and semi-detached houses (1.1%).

In the home countries, Scotland saw a fall in inflation in April, while inflation rose in England, Wales and Northern Ireland in April.

The inflation rate in England rose from 2.5% in March to 4.7% in April, the inflation rate in Wales rose from 5.3% to 6.6%, in Northern Ireland the rate rose from 14.1% to 15.8%. In Scotland the rate fell from 10.8% to 7.6%.

House price inflation rose in all of the English regions.

The highest inflation rate remains in Yorkshire and the Humber (8.9%), followed by North East (7.3%), London (7.1%) and North West (6.5%). Inflation rates were lower in other parts of England; in South West (3.7%), East (3.2%), East Midlands and South East (both 2.8%) and West Midlands (2.0%).

Mix-adjusted average house prices in April were 196,943 in England, 151,226 in Wales, 132,201 in Scotland and 142,475 in Northern Ireland.

The English region with the highest average house price in April remains London at 278,257.

The lowest average price was in the North East at 136,253.

Only the East, London, South East and the South West had average prices above the UK average.

The UK house price inflation rate for first time buyers rose from 4.6% in March to 4.9% in April.

This was due to a rise of 0.7% in prices between March and April in the properties bought by first time buyers compared with a smaller rise of 0.4% over the same period last year.

The inflation rate for former owner occupiers rose from 2.8% in March to 5.2% in April.

This was due to a rise of 1.0% in prices between March and April in the properties bought by former owner occupiers, compared with a fall of 1.3% over the same period last year.

The average price paid by first-time buyers across the whole of the UK was 146,248 in April, while the average price paid by former owner occupiers was 206,222.


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