Featured in Showhouse (this is part of the article):
UK average house prices shot up by 8.6% over
the year to February 2021, up from 8.0% in January 2021; this is the highest
annual growth rate the UK has seen since October 2014. Average house prices
increased over the year in England to £268,000 (8.7%), according to the latest
government data, in Wales to £180,000 (8.4%), in Scotland to £162,000 (8.0%)
and in Northern Ireland to £148,000 (5.3%).
The North West was the English region to see
the highest annual growth in average house prices (11.9%), while London saw the
lowest (4.6%). In London average prices increased by 4.6% over the year to
February 2021, down from 5.7% in January 2021.
London’s average house prices remain the most
expensive of any region in the UK at an average of £496,000 in February 2021.
The North East continued to have the lowest
average house price, at £138,000, and although it surpassed its pre-economic
downturn peak of July 2007 in December 2020, its average house price has fallen
back below this level in February 2021...
...House price growth in Wales increased by 8.4%
over the year to February 2021, down from an increase of 11.0% in January 2021,
with the average house price in Wales at £180,000.
The average house price in Scotland increased
by 8.0% over the year to February 2021, up from an increase of 7.0% in the year
to January 2021, with the average house price in Scotland now at £162,000.
The average house price in Northern Ireland
increased by 5.3% over the year to Quarter 4 (Oct to Dec) 2020. Northern
Ireland remains the cheapest UK country to purchase a property in, with the
average house price at £148,000.
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