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2nd June 2015

House prices in England and Wales increased by 5.1% in the year to April.

House prices in England and Wales increased by 5.1 per cent in the year to April, according to the Land Registry, while London prices rose by 10.95% over the same period.

The monthly increase from March was 0.9%, taking the average property value to £179,817 compared with the peak of £181,014 in November 2007. The London increase from March to April this year was 2.3%, making the average price of a city property £474,544.The average price in Croydon in March was £319,604.

The North East of England saw the only annual price fall with a decrease of 0.6%. However Yorkshire and the Humber experienced the biggest monthly price rise in the country, with growth of 2.7%.
Government investment in the north of England could be responsible for the boost in some northern regions according to experts.

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