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Average house price £168,600 in April, government index reveals

The mix-adjusted average house price in the UK in April stood at £168,600, up from £161,306 in March, the latest goverment house price index reveals.

The index shows that UK annual house price inflation in April was 10.0%, upfrom 7.8% from the previous month. Annual house price inflation in London was 7.9% in Aprilup from 4.9% in March.

The Office of the Deputy Prime Minister says the market over the past year in most regions has been characterised by stronger price growth at the lower end of the price range. It says the sharp rise in prices between March and April sees a continuation of this trend, with the average UK price for a flat rising by 7.2% month-on-month and by 5.2% for a terraced house.

By comparison, the rise in detached houses was only 3.1% month-on-month.

Of the home countries, both England and Wales saw a rise in annual inflation, with inflation in Wales at 23.1% in April. Annual inflation in Scotland and Northern Ireland fell. Inflation in Scotland was 20.7% in April and 5.5% in Northern Ireland but the ODPM explains this wasbecause of stronger monthly growth between March and April last year than this year.

The index also shows that mix-adjusted average house prices in April were £180,840 in England, £123,685 in Wales, £106,242 in Scotland and £106,601 in Northern Ireland.

The English region with the highest average house price in April was London at £255,131. The lowest average price was in the North-East at £115,680.

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 to 18.3% in April from 10.0% in March. This was due to an increase of 8.2% in prices between March and April, compared with an increase of 0.6% over the same period last year.


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