Monday, April 29, 2013

Land Registry HPI shows wide regional variations in house prices

Land Registry reports house prices up by 0.1% in March

House prices in England and Wales went up by 0.1 per cent in March, according to the latest House Price Index published by the Land Registry. It means the average property is now valued at £161,793 in the UK and prices have risen by a total of 0.9 per cent over the past year.

Posted by ben @ 01:00 PM (1249 views)
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One thought on “Land Registry HPI shows wide regional variations in house prices

  • Sorry Ben, this entry wasn’t moderated when I posted this morning. I picked up from Reuters.

    We have a Zombie economy. House Prices are not even keeping up with CPI inflation (let alone food price inflation). Affordability prevents prices from rising (despite massive stimulation from the government). Most working 20somethings are wondering when they can afford to have kids.

    My public sector mate who is closely linked to the Tories says: Government cannot afford to stop the stimulus now as so much bank debt is associated with housing. Hoping to inflate away the problem. When asked about all the old people who were getting trashy interest rates for their hard earned money I got no answer. When I pushed the issue, I was told there is no other way.

    …That’s what they told the depositors in Cyprus, wasn’t it? No other way.

    I’m sure there are opportunities to improve the economy, but the Coalition front bench seems to be closeted in front of their PCs, checking UKIP facebook pages.

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