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UK’s property market imbalance laid bare: House prices jump 3.4pct in London

Posted on 19 December 2012

The imbalance in Britain’s property market was laid bare today by official figures showing house prices were up 1.5 per cent in the year to October – but more than half of the rise was delivered by London and the South East.
The ONS figures, which lag other major house price reports by at least a month, showed a 0.2 per cent monthly rise to a UK average of £231,000. As well as growth in London, the increases in England were fuelled by a 3.1 per cent annual rise in Yorkshire and the Humber while prices were flat in the North East and fell 0.8 per cent in the West Midlands, the ONS said………………………………………..Full Article: Source


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