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Average House Prices Reach £300,000 In England…

November 20th 2015
By: Melanie

New figures released show that the average UK property price rose by 6.1% in 2015, bringing the average house price to almost £300,000 in England.

According to the ONS, Office for National Statistics, house price inflation has gone up to 6.4% in England, 1.1% in Wales, and Scotland and 10.2% in Northern Ireland.

The average rises in England were driven by increases in the East and South East, where house prices rose by 7.4%.

The ‘mix-adjusted’ house price in September was £286,000 - this is the term used is for average mixed prices and house price indices for the UK and its component countries and regions.

Where as in London the average house price stands way above the National average at £531,00, and at the other end of the scale is the North East, where the average price stands at £158,000.

Rightmove also released figures that were very close to those released by the ONS, reporting the average house being at £292,572.

If you would like to discuss local price rises across Essex and Herts, why not pop into your local branch of Intercounty or give our team a call on on 0330159801

Source: Property Injury Eye