The official UK house price inflation rate rose from 3.3% in March 2006 to 5.1% in April 2006 said the Department for Communities and Local Government today.
Prices rose by 0.9% between March and April, compared to a fall of 0.8% seen over the same period last year.
The mix-adjusted average house price in the UK in April 2006 stood at £188,290, up from £186,519 in March 2006 (not seasonally adjusted).
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UK annual house price inflation (all dwellings) |
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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%).
Prices
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.
House price inflation by type of buyer
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UK annual house price inflation by type of buyer |
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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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UK |
London |
UK |
|
All dwellings |
All dwellings |
All dwellings |
|
Index Feb 02=100 |
% change over 12 months |
Index Feb 02 =100 |
% change over 12 months |
£ |
|
Not seasonally adjusted |
|
2005 |
Nov |
153.4 |
2.2 |
133.5 |
1.5 |
185,848 |
| |
Dec |
153.3 |
2.9 |
133.7 |
3.8 |
185,788 |
| |
|
|
|
|
|
|
|
2006 |
Jan |
155.1 |
4.1 |
136.1 |
5.0 |
185,112 |
| |
Feb |
153.2 |
3.4 |
132.5 |
1.5 |
182,925 |
| |
Mar |
156.2 |
3.3 |
138.4 |
4.0 |
186,519 |
| |
Apr |
157.7 |
5.1 |
140.5 |
7.1 |
188,290 |