Tuesday, Feb 16, 2010
+0.8% MoM +2.9% YoY
DCLG: House Price Index - December 2009
The mix-adjusted average house price in the UK stood at £200,307 in December 2009 (not seasonally adjusted).
UK house prices rose by 2.9 per cent in the quarter ending December 2009. This compares with a larger rise of 3.1 per cent for the quarter ending September 2009 (seasonally adjusted).
Annual average house prices paid by first time buyers in December 2009 were 6.8 per cent higher than a year ago. Average house prices paid by former owner occupiers were 1.4 per cent higher.
Annual average house prices paid for new properties in December 2009 were 1.5 per cent lower than a year ago. Average house prices paid on pre-owned dwellings were 3.2 per cent higher.
Posted by dill @ 01:11 PM (553 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. ontheotherhand said...
"Annual average house prices paid for new properties in December 2009 were 1.5 per cent lower than a year ago. Average house prices paid on pre-owned dwellings were 3.2 per cent higher."
Any ideas why this is? My guess is that developers have to sell and are not emotional about how much it was worth in June '07 and so take the offers, whereas owner occupiers just sit tight on their cheap SVR mortgage waiting for the whale.
2. 51ck-6-51x said...
OTOH,
New builds certainly suffered from over supply, period properties certainly didn't, and all of the latter fall into the pre-owned bucket. But I think your observation is probably also true.
3. This comment has been removed as it was found to be in breach of our Blog Policies.