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While home costs have lastly turned damaging, they’re nonetheless a lot increased than a 12 months in the past. What’s extra, the Halifax figures present the disparity in worth progress throughout the UK.
Wales has moved again to the highest of the desk for annual home worth inflation, up by 14.7pc, with a median property worth of £222,639.
It’s carefully adopted by the south west of England, which additionally continues to file a powerful charge of annual progress, up by 14.3pc, with a median property price of £310,846.
The speed of annual progress in Northern Eire eased again barely to 14.0pc, with a typical residence now costing £187,102.
Scotland too noticed a slight slowdown within the charge of annual home worth inflation, to 9.6pc from 9.9pc. A Scottish residence now prices a median of £203,677, one other file excessive for the nation.
Whereas London continues to file slower annual home worth inflation than the opposite UK areas, the speed of seven.9pc is the best in nearly 5 years.
With a median property now costing £551,777 the capital’s already file common home worth continues to push increased, up by £40,361 during the last 12 months. It is nonetheless by far the most costly place within the nation to purchase a house.
