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The Housing Bounceback

The Housing Bounceback Areas of the housing market have seen a boost this year with house prices generally increasing throughout the UK. The average house price in England and Wales currently stands at £170,000 There's still a way to go to reach 2007's pre-recession peak of £181,658 Auerage Price Index in 2013 Property Type England - £264,000 (+4.2%) Detached - £267,557 (+5.1%) Wales - £167,000 (+1.4%) Semi-Detached - £160,943 (+5.3%) Scotland - £158,000 (-1.1%) Terraced - £127,738 (+3.9%) N.Ireland - £130,000 (-1.5%) N.Ireland - £163,168 (-+7.6%) (% change in last year) (% change in last year) Rey Scotland 2007 - Pre-recession 2011 - Mid-recession £164,341 2014 - Present* O £158,752 £158,590 Growth in last year *Figures as of February 2014 North East O £127,000 O £99,143 £97,332 1.2% Yorhs & Humber O £144,384 O £116,941 O £117,025 1.7% East Midlands O £143,697 O £121,849 £127,343 4.7% North West East Anglia O £135,502 £192,221 O £111,449 £170,674 £111,453 2.5% O £183,285| 6.5% West Midlands £150,898 O £127,465 O £133,670 4.5% BRIGHTON I london Wales O £349,042 O £341,072 O £139,592 South West South East O £414,356 12% £115,449 £225,534 £192,647 O £119,118 4.5% O £168,955 O £178,108 | 4.5% O £204,209 O £223,733 6.7% Buyers in 2013 Types of House First Timers were up by 10.5% The average they spent was New Build Avg. Price £192,000 £245,000 Existing Owners rose slightly by 8.6% The average spend was Pre-Owned Avg. Price £292,000 £254,00 The general trend has seen a rise in southern regions and London surpassing the pre-recession figure. Growth in the north has generally been slower. Sources Buy Homes Direct www.lslps.co.uk www.ons.gov.uk/ons/publications/ www.landregistry.gov.uk www.buyhomesdirect.co.uk ......

The Housing Bounceback

shared by jakep on May 21
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The UK housing market is making a fantastic recovery after the economic downturn. As the country continues to rise from the rubble Buy Homes Direct takes a look at how house prices are on the up in d...

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