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House price recovery shows wide variations

Jonathan Winston Jonathan Winston
1 min read

New figures from the Office for National Statistics (ONS) show that house prices have recorded their biggest annual gain since the end of 2010, though the figures also show huge differences according to whereabouts in the country you live.

House values went up 1.1% in April and showed a 1.4% year-on-year increase, taking the average price of a three-bed semi to £229,000. The biggest rises were seen in England which saw prices up 1.7% on those for April 2011 and this helped offset falls recorded in Scotland, Wales and Northern Ireland. There were also variations throughout England, with London seeing prices up by a huge 4.9%, much better than the rest of the country, especially the North-west and Yorkshire and the Humber which also registered falls.

Analysts agree that London is, to some extent, propping up the rest of the country and therefore the figures are somewhat misleading. Ashley Alexander, managing director of MeetMyAgent.co.uk, an estate agent review site, says that if the capital takes its foot off the pedal even for a second, the national picture will seem far less rosy.

The ONS figures follow on from similar ones from Rightmove recently, which showed May’s average asking price standing at £246,235, up one percent on the figure for April.

https://www.express.co.uk/news/uk/327706/House-prices-on-rise-at-last

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I am very pleased with the service I received from Winstons, this is the second time I have dealt with them for conveyancing services and on both occasions Leasa was incredibly thorough and reassured me every step of the way. When other parties failed to deliver, Leasa ensured things were chased up and delivered/received with accuracy. I would highly recommend and will be sure to use Winston's again for any future property purchases
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Winston’s acted for us with our house sale and onward purchase. They have been excellent from start to finish. Leasa is extremely quick to respond to emails and more than happy to answer any questions. The online system is very efficient and helps keep you up to date with progress of the sale/purchase. Leasa and her team made the whole process so much less stressful than it could’ve been and we can’t thank them enough. We wouldn’t hesitate to recommend them.
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