Average UK house prices on the rise, says ONS

Average UK house prices on the rise, says ONS

The average UK house price in April stood at £238,000, the Office for National Statistics has said.

It was an increase of 2.6% from April of last year, but with a very patchy regional picture. House prices went up 6.2% in Wales and 6% in London, but sank 1.2% in Scotland.

The average ‘mix-adjusted’ house prices in April were £247,000 in England, £162,000 in Wales, £127,000 in Northern Ireland and £177,000 in Scotland.

London had the highest average house price at £414,000 and the North-East had the lowest at £143,000.

Excluding London and the South-East, the average UK mix-adjusted house price was much lower than the national average at £188,000.

Separately, the National Association of Estate Agents has reported an 8% increase in house hunters during April. It says there were 310 applicants registered with each branch, up from 286 in March. Supply of homes increased slightly from 60 in March to 61 in April per branch.
The number of sales during the month of April also increased, with nine sales recorded per branch, up from eight in March.

The NAEA claims that the percentage of overall sales to first-time buyers also increased from 19% in March to 23% in April.