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Year sees British homes rise by £28 a day to £10,000

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Year sees British homes rise by £28 a day to £10,000

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Published by Max Salsbury for 24dash.com in Housing and also in Finance

'North-South divide' over stamp duty payments 'North-South divide' over stamp duty payments

The average British home has seen its value rise by £10,329 during 2013 - or by £28.30 a day.

And in London, the average property has risen by £46,398 over the course of the year.

According to property website Zoopla.co.uk's data, the only region to see average home prices fall this year is Yorkshire and The Humber, down 0.4%.

The average property value in Britain now stands at £244,289, a rise of 4.4%.

In England, semi-detached houses have recorded the biggest increase in value, up 6.42% (£13,054) during 2013.

The city that experienced the greatest increase in value was Newcastle, where prices have surged by 10.1% (£16,712) this year.

Lawrence Hall of Zoopla.co.uk said: “This year saw a host of new government initiatives that are now helping the property market to gain stability and set the foundations for a sustainable recovery. As a result 2013 has witnessed property price growth across most of the country and particularly at the entry level of the market. With confidence in the market increasing, 2014 could see further price growth as transaction levels pick up, construction continues and more property comes to the market.”

 

Region

Avg. value

Dec 2013

Avg. value

Dec 2012

£ Change

 

% Change

London

£510,457

£464,059

£46,398

10.0%

Scotland

£171,690

£160,687

£11,003

6.9%

South West England

£243,437

£229,415

£14,022

6.1%

North East England

£168,795

£159,770

£9,025

5.7%

South East England

£310,973

£294,776

£16,197

5.5%

East of England

£260,018

£248,377

£11,641

4.7%

West Midlands

£182,569

£177,980

£4,589

2.6%

North West England

£164,149

£160,205

£3,944

2.5%

East Midlands

£170,953

£167,237

£3,716

2.2%

Wales

£160,346

£157,983

£2,363

1.50%

Yorkshire and The Humber

£148,507

£149,053

-£546

-0.4%

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