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CLG: April house prices up 1.2%

Monday, 11 June 2007 12:00 AM

The UK's average house price rose by 1.2 per cent from March to April, statistics from the government reveal today.

The Communities and Local Government (CLG) house price index shows the price of the average property was £209,454, up 11.3 per cent since last April.

The survey finds property prices reached £216,707 in England, £162,170 in Wales, £155,516 in Scotland and £228,208 in Northern Ireland in April.

The highest annual inflation continues to be in Northern Ireland, where property values have risen 54.1 per cent in a year.

This was followed by Scotland, where house prices were up 17.8 per cent in a year, England (ten per cent) and Wales (nine per cent).

"The rise in UK prices between March and April can be attributed to increases in average prices for bungalows (1.9 per cent), terraced houses (1.7 per cent), semi-detached dwellings (1.4 per cent), detached properties (0.8 per cent) and flats (0.7 per cent)," the CLG explained.

It added: "The English region with the highest average house price in March remains London at £320,191. The lowest average price was in the north-east at £145,875. Of the English regions, only the east, London, south-east and the south-west had average prices above the UK average."

The survey also shows the average price paid by first-time buyers in April was £159,977 - 11.3 per cent higher than the same time last year.

The average owner-occupier paid £233,726 for their new home in April, an increase of 11.2 per cent since April 2006.

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