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Average house price north of Border climbs nearly £5,000

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Published Date: 10 June 2009
THE cost of the average house in Scotland climbed by more than £4,700 in April, new government figures show.
The UK Communities and Local Government (CLG) department yesterday said the April rebound narrowed the year-on-year decline in Scottish house prices to 8.6 per cent, compared with a fall of 9.8 per cent in the year to March.

The average UK house price fell by 13 per cent in the 12 months to April, with a 1.1 per cent rise between March and April arresting the year-on-year slide.

First-time buyers across the UK paid an average £135,416 in April, down from £162,061 in the same month in 2008 and £32,132 less than at the market peak in mid 2007.

The rise in prices between March and April was driven by demand for terraced houses (up 2 per cent) and semi-detached houses, according to CLG.





The full article contains 166 words and appears in The Scotsman newspaper.
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1

Kingston,

Singapore 10/06/2009 16:04:51
In one article we have average debt levels of 20K for those seeking help.
In this article we have house prices increasing.
We are in the middle of a world financial meltdown.
Am I missing something?
2

Highland Property Bubble,

Inverness 10/06/2009 22:25:06
This kind of sensationalism journalism is a nonsense. Why doesn't the Scotsman append the story with the actual volume of transactions completed during the period?
3

googler,

12/06/2009 09:40:29
Less sales to first time buyers at low prices, hence;
More sales in higher price bands, plus
Lower volume of sales generally =

Higher average price, even though the houses that ARE actually selling may well be selling for lower prices than previously.

In essence, the figure is meaningless without some breakdown of where the figures came from - how many sales in each price range, etc.

 

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