openPR Logo
Press release

UK House Prices Slow Down

09-19-2011 08:10 AM CET | Industry, Real Estate & Construction

Press release from: What House?

According to figures published by the Department for Communities and Local Government this week, the latest UK house price index shows that UK house prices decreased by 1.5% during the year to July 2011.

The latest data which is based upon the number of mortgage completions during July 2011 also indicates that the house prices increased by 0.3% during the month of July. Overall in the UK property market, England decreased in value by 1.5%, Scotland by 1.8%, Wales by 0.1% and Northern Ireland by 4.1%.

Average house prices saw a slump in eight of the nine regions located across England over the year to July 2011. The largest decrease saw new homes in Birmingham and across the West Midlands decrease in value by 4.6%. The smallest decrease according to the data was in the East of England which includes new homes in Suffolk and new homes for sale in Norfolk with a decrease of 1%. The South East of England, which includes new homes for sale in Kent, also saw a decrease of 1%. London’s house prices saw a strong increase overall by 0.9%.

First time buyers also paid a decrease of 0.5% in house price values compared to July 2010 in the year previously.

The average UK house price is now £207,690 with average prices being 0.7% lower overall during the quarter to July. The average house prices across the UK include new homes in Scotland with an average of £165,687, £215,146 in England, £141,474 in Northern Ireland and £150,161 in Wales. Average house prices in London remained the highest national average at £347,271 and in the North East of England the lowest national average at £133,163.

In England, regions located in the South, including London, the South East, South West and the East of England all experienced average prices above the UK average in July which would indicate that the property markets in these area are stabilised. The figures include the prices for new homes for sale in Bristol, new homes in Cambridgeshire and new homes in Essex.

What House? is a leading property website that features thousands of new homes in Lincolnshire as well as the rest of the UK. It also provides the latest property news, valuation of homes and property and mortgage advice. Over the last 30 years, What House? has held their annual What House? Awards, which are the longest established New Homes awards in the UK recognising UK house builders and developers across 23 categories. Go to and for more information.

What House?
3rd Floor, 8 Baltic Street East, London EC1Y 0UP
Sonya Bruce

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release UK House Prices Slow Down here

News-ID: 192201 • Views: 1856

More Releases from What House?

New Homes Launched in Yorkshire
New Homes Launched in Yorkshire
Linden Homes have launched a new, completed street at one of their developments in Yorkshire. The new street is located at their St. Nicholasgate development in Beverley, East Yorkshire. The new homes consist of two, three and four bedroom family homes Located close to the town centre. A total of 130 new houses for sale have been launched and come in varying architectural designs to suit a range of buyers, including
Regeneration Project Creates 1000 New Affordable Homes
Regeneration Project Creates 1000 New Affordable Homes
A house builder that specialises in new homes has announced plans to develop 1000 affordable homes in the East of England. Iceni Homes, based in Bury St Edmunds in Suffolk, will be building and launching affordable new homes in Cambridgeshire and Suffolk as well as affordable housing new developments in Essex. The new developments in the region form part of a £123 million programme that is partly funded by the Homes
New Homes Launched in Essex as Part of Regeneration Scheme
New Homes Launched in Essex as Part of Regeneration Scheme
A home builder has launched hundreds of luxury new apartments as part of a £2 billion regeneration scheme being rolled out in Basildon. Weston Homes launched 425 new homes for sale in Essex at their Morello Quarter development located in Basildon. The properties consist of one and two bedroom apartments and are located close to the town centre. The new homes will appeal to a range of buyers including commuters, young

More Releases for England

Smart Ticketing Market to Witness Huge Growth by 2026 | Key Players areACT (Engl …
Smart Ticketing Market by Component (Hardware, Software, and Services), Application (Parking and Transportation (Roadways, Railways, and Airways), and Sports and Entertainment), Organization Size, and Region - Global Forecast to 2026 Download Free Sample Report @ #Key market players: This research study outlines the market potential, market dynamics, and major vendors operating in the smart ticketing market. Key and innovative vendors in the smart ticketing market includeACT (England), Atsuke (France),
Water market deregulation in England
The water market in England is deregulating, giving business the chance to tap into savings and other opportunities. Here’s how it will affect your organisation. Water deregulation in England – an aid to navigation In April 2017, water industry deregulation will start in England, giving businesses, charities and public sector organisations the ability to shop around and switch retail service provider. Until now, only non-domestic customers in Scotland and very high water
Neschen closes loss-making plant in England
Bückeburg, 31 January 2012 - The company Neschen AG based in Bückeburg is closing its UK production plant in Basildon in mid-2012. Around 30 employees work at this plant producing self-adhesive products mainly for intercompany deliveries to Neschen AG and its US subsidiary. The plant closure should lead to an improvement in the group's EBITDA of 1.3 million euros from 2013 onwards. The independent British sales company Neschen UK Ltd.
House Prices Fall in England and Wales
According to latest figures issued from the Land Registry, property prices across England and Wales fell by 0.9% during the month of October 2011 with a total annual fall in value of 3.2%. The figures show that this overall monthly decrease in property values is the highest since February 2009 and that the average price of a home now stands at £159,999. Properties in the East of England including new homes
Riots in England - who is to blame?
The whole world watched in horror as the riots in the UK reached epic proportions. Images of burning cars, shops being smashed and looted and burning buildings flashed across TV sets throughout the world. It looked like a make believe horror movie except it was real. The vast majority of the vandals were teenagers and kids as young as 12 years old. They were robbing anything and everything they could.
New England Forestry Foundation Presents "Birds and New England Forests" with Da …
New England Forestry Foundation is pleased to present “Birds and New England Forests” with national best-selling author, David Allen Sibley. The event will take place at the Boston Public Library on May 11, 2011 at 6pm. The presentation will feature the diverse bird species that reside in New England forests, as well as bird species in decline, their habitat, and their critical need for young forest, shrubland, and