House prices still climbing strong

House prices have showed no sign of slowing despite interest rate rises, according to latest research from the Land Registry, which covers figures for the period April - June 2004.

The average house price rose 17% to £175,401 in the April to June period, compared with a year earlier.

The biggest price increases were seen in the north of England and Wales, where values jumped by more than 25%.

Although the results are somewhat behind recent events they are very complete, being taken from details of every house sale collected on behalf of the Government.

Property type

Average price of property

% difference

		April-June 2003	April-June 2004
Detached	Old	£238,793	£264,604	+10.81
	New	£217,060	£240,341	+10.73
	All	£235,614	£261,970	+11.19

Semi-Detached	Old	£134,721	£158,342	+17.53
	New	£151,904	£167,744	+10.43
	All	£135,501	£158,732	+17.14

Terraced	Old	£109,822	£133,227	+21.31
	New	£156,755	£175,339	+11.86
	All	£111,888	£134,996	+20.65

Flat/Maisonette	Old	£137,381	£163,493	+19.01
	New	£177,230	£185,890	+4.89
	All	£143,631	£167,171	+16.39

All	Old	£146,761	£173,482	+18.21
	New	£184,277	£198,340	+7.63
	All	£149,935	£175,401	+16.98

House price increases by region
Region	Average Apr-June 2003	Average Apr-June 2004	% increase
Wales	£98,196	£125,328	27.6%
North West	£96,253	£122,260	27%
North	£91,179	£114,695	25.8%
Yorks & Humber	£99,740	£125,285	25.6%
West Midlands	£125,817	£147,541	17.3%
East Midlands	£120,759	£141,561	17.2%
South West	£164,036	£187,495	14.3%
Greater London	£246,710	£280,431	13.7%
East Anglia	£144,427	£162,718	12.7%
South East	£194,924	£213,828	9.7%
England & Wales	£149,935	£175,401	17%


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