ONS figures show house price increase before crisis

Data from the Office for National Statistics reveal that the average UK house price increased 2.1% in the year to March, an increase from 2% in February, to an average of £232,000, while London house prices were up 4.7%. At a regional level, average house prices in England rose 2.2% to £248,000 in the year to March, while Wales saw a 1.1% increase to £162,000, Scotland saw prices rise 1.5% to £152,000 and Northern Ireland showed a 3.8% increase to £141,000. Yorkshire and the Humber was the worst performing region, with prices down 1%. Lucy Pendleton, property expert at James Pendleton, commented: “Enquiry levels are off the chart at the moment and we are gradually bringing back more staff… Only time will tell how we can convert those enquiries and how that translates into all-important prices for vendors.”

City AM (20/05/2020)    The Times (20/05/2020)   The I (20/05/2020)   Daily Mail (20/05/2020)