Average UK house prices rise in September
Tue 29 Oct 2013
The September data from Land Registrys House Price Index shows an annual price increase of 3.4 per cent
which takes the average property value in England and Wales to 167,063.
Peter Rollings, CEO at Marsh & Parsons, comments:
This mornings figures add another splash of colour to the increasingly bright picture of the UK housing market
recovery. The dramatic increase in the number of completed house sales supports the positive mood, helped by
low interest rates, Help to Buy and signs of a sustained economic recovery.
Almost all UK regions are showing price increases, but the rate of growth in London is operating at a completely
different level. An imbalance of supply and demand means that property is changing hands in record time and for
close to and sometimes above the asking price. While interest rates remain low, Prime London property will
continue to be seen as an attractive investment opportunity, and competition for properties will remain high. The
enduring appeal of a Prime London home for both UK and overseas buyers is evident in the figures we
currently have 18 buyers registering for each available property and there is no sign of this slowing down.