Average property prices in Britain 'up £5,478 since January'

Monday, 25 July 2011 11:03

Homeowners have seen their properties increase in value by more than £5,000 on average in the past six months, figures from Zoopla.co.uk reveal.

A typical home in the UK is now worth around £216,260, up by 2.6 per cent, or £5,478, since January, the property portal said.

Property prices have increased in eight of the 11 regions of Britain during the first half of 2011, with only the South West, East Midlands and North East experiencing a drop in price.

The best performing region by far has been London, where average house prices have climbed 5.3 per cent since January and now stand at £408,888 compared with £388,265 at the start of the year, the report indicated.

Nicholas Leeming, business development director of Zoopla.co.uk, said: “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.”

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