Most regions see house prices rise in 2011

Tuesday, 3 January 2012 11:15 AM

Nine out of 13 regions in the UK recorded property price increases last year, latest figures indicate.

Nationwide’s index shows that the average UK house price is now around £164,785, up by 1.1 per cent over 12 months and by 0.3 per cent over the past three months.

London saw the strongest growth in the last quarter of 2011 and also over the year, with growth rates of 2.6 per cent and 5.4 per cent respectively.

Robert Gardner, Nationwide's chief economist, said: “Most English regions ended the year with prices higher than Q4 2010.

“Only the North and North West saw price falls, with average prices down one per cent and 1.2 per cent respectively.”

Northern Ireland was the worst performing UK region for the fourth consecutive year and is now the least expensive area in which to buy property, according to the data.

Average prices were down 8.9 per cent compared with the end of 2010.

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Most regions see house prices rise in 2011

Average house price 'is £164,785'

Nine out of 13 regions across Britain recorded property price increases last year, according to the Nationwide index. The average house price is now around £164,785, up by 1.1 per cent over 12 months and by 0.3 per cent over the past three months.

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