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House prices rise £30 per day

Monday, 25 July 2011 1:55 PM

Average house prices have risen by £5,478 (£30 per day) compared to six months ago, new research from a property portal has found.

Zoopla.co.uk said average house prices in Britain had risen by 2.6 per cent since January, meaning that in June the average house was worth £216,260.

The growth over the first half of 2011 clawed back some of the losses suffered over the second half of 2010, Zoopla said.

UK property prices fell 4.9 per cent – an average of £10,876 – between July 2010 and the end of last year.

By contrast, house prices climbed 3.1 per cent over the first half of last year, at a similar pace to this year so far.

Nicholas Leeming, business development director of Zoopla.co.uk, said: “The property market is back on the right track with the majority of regions having clawed back some of the ground lost at the end of last year.

“London is powering ahead of the pack with average values now at their highest level since January 2009. However, there is still some uncertainty over the future of the economy and it remains to be seen if the second half of this year will continue upwards as in the first half of 2011 or will follow the pattern of last year and give back some of the first half gains in the latter part of the year.”

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