#House #prices #up 5.4% in a year The average house price paid by first-time buyers rose by 6.4% in the year to November, a faster rate than the market generally, official figures show. The Office for National Statistics said that new entrants to the housing market paid an average of £187,000 during the month – £14,000 more than in the same month of 2012. The average price paid by movers was higher, at £248,000, which was 5.3% up on 12 months previously, while the average increase across the board was 5.4%. The ONS figures showed growth across the UK, with England recording a 5.6% rise, Wales a 5.4% increase, Scotland 2.5% and Northern Ireland 3.3%. London and the south-east continued to drive the headline figures, with the capital seeing an 11.6% increase year-on-year, taking average prices to £441,000. Elsewhere, the Times reports that Zooplas latest housing market survey shows that confidence has soared to the highest level in four years. The Times, Page: 35 Financial Times Online The Daily Telegraph, Business, Page: 1 The Guardian, Page: 21 Daily Mail, Page: Daily Express, Page: 28 The Sun, Page: 38 Evening Standard, Page: 2 The Press and Journal, Page: 34 Yorkshire Post, Page: 2
Posted on: Wed, 15 Jan 2014 10:24:04 +0000
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