Twitter Facebook RSS FEEDS

DCLG: 8% house price growth for UK

Monday, 13 November 2006 12:00 AM

House prices have gone up eight per cent since last year, the latest government figures on September's property market show.

This puts the average house price in the UK in September up to £198,552, compared to £197,009 in August 2006, according to the Department for Communities and Local Government (DCLG).

Annual house price inflation was 0.6 percentage points higher in September compared to 7.4 per cent for the month before.

Terraces and flats experienced the biggest changes in house price growth between August and September, (up 1.3 per cent), followed by bungalows (up 0.9 per cent), detached houses (up 0.4 per cent) and semi-detached properties (up 0.2 per cent).

The survey also reveals the average house price paid by first-time buyers in September was £152,633 with buyers already on the property ladder paying an average of £218,139.

Looking at the home countries, the report shows Northern Ireland's huge price rises came down slightly from August to September, dropping three percentage points to 23.6 per cent.

The next biggest annual house price rises are in Scotland, which from August to September experienced a small rise of 0.2 percentage points to 12.9 per cent, followed by Wales, which had a much bigger change of 3.3 percentage points to reach 10.3 per cent.

England had the smallest annual house price inflation of the home countries, with growth rising from 6.6 per cent in August to 7.2 per cent in September.

Of the English regions, the report finds London and Yorkshire and the Humber were the biggest risers, with annual house price inflation running at nine per cent and 8.9 per cent respectively.

The lowest annual growth was recorded in the East Midlands, at 5.1 per cent, with house prices in the south-east (5.9 per cent) and east of the country (5.8 per cent) also up less than six per cent compared to the same time last year.

Related stories

House prices in Sweden have actually risen in the last five years. Image:Thinkstock

UK is mid-table in European house price league

Prices rose in Germany and France in 2011 but fell by far more in Ireland and Spain, says RICS.

Worries over the Euro are having a negative impact on the UK's housing market. Image:Thinkstock

Eurozone crisis hits house price growth expectations

Concern over a house price drop is growing as a result of the UK's economic woes, according to the latest house price sentiment index (HPSI) from Knight Frank/Markit.
Price of terraced homes rose £118 a day over the last decade, says Halifax survey. Image: Thinkstock

Terraces see highest house price rise

Price of terraced homes rose £118 a day over the last decade, says Halifax survey.

 House prices in market towns have risen by £1,000 a month on average over the last decade, say Lloyds TSB. Image: Thinkstock

Market towns enjoy £1,000 a month house price rise

Over the last decade house prices in market towns have risen by £1,000 a month on average say Lloyds TSB.
Row of houses with beams

Average house price drops 4.2% year on year

HAlifax says house prices have dropped consistently over the past 12 months but should start picking up again this year.

 House prices rose three per cent in the first three months of 2010.

Average UK house price rises by 3% during Q1

Following a rise of three per cent in the first quarter of 2010, UK house prices have begun to stabilise.
Row of UK properties

Housing demand up for first time in 8 months

February's market conditions were strongest in southern England - and the geographical gap appears to be widening.

 Riverside property in London

House prices down in most UK regions

House prices in most UK regions suffered year-by-year falls in March, although certain areas bucked the trend.

Property for sale signs

Springtime house price 'bounce' fails to arrive

RICS says the lack of mortgage finance and the state of the national economy are to blame for the market's continued flatness.

 House hunting couple

UK house prices rise 91% in a decade

The average asking price has rocketed by £78,000 since the turn of the century - despite the effects of the economic downturn.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.

FAQs about commercial stamp duty

If you want to relocate to larger premises, you need to know about commercial stamp duty. Different rates apply than with residential property, however, like residential buyers, you could potentially benefit from stamp duty mitigation.

Save space with a small bathroom suite

Most people dream of having spacious bathrooms with a freestanding tub and a separate shower cubicle where you can relax in pure luxury. However, the reality is that bathrooms are rarely as big as we'd like them to be. Here are some tips on how to make the most of a small bathroom.