Property prices rose by fastest rate in December

Written on 27 January 2014 by Alistair Boscawen in Property News


The increase in house prices are in the news again. It's the biggest jump in 4 years!

UK house prices increased at their quickest rate in more than four years in December. According to data from the UK-based Nationwide building society, they rose 1.4 percent in December and were 8.4 percent higher year-on-year.

Prices in London are now some 14 percent above their peak 2007. The price of a typical London home, the report says, is £345,186.

When it comes to regional house price growth, the data showed mixed results, with London and the South East booming and the North, North East of England and Scotland showing low growth.

CNBC

Image from freedigitalphotos.net

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen

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