UK House Price Index, January 2017 - PwC comments
Published at 10:09 AM on 17 January 2017
First official housing figures of the New Year point to robust market
Commenting on the UK House Price Index out today, Richard Snook, senior economist at PwC, said:
“The first release of ONS and Land Registry house price data in 2017 show that average UK house price inflation was 6.7% in the year to November, little changed from a revised 6.4% in October. This takes the average price of a UK home to £218,000.
“The figures show a strong monthly gain in London, reversing a mini-dip in prices of £8,000 between July and October last year. The average price of a home in London is now £482,000, effectively unchanged over the last four months.
“The North-South house price gap continues to grow as annual price inflation is over 8% in London and the South East and over 10% in East Anglia – whilst growth is 3.2% in the North East, 5.2% in the North West and 5.1% in Yorkshire.”
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