House prices rise a shocking 12.4 percent in the UK this year!

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The average property cost £281,000 in April, £31,000 more than the previous 12 months. That is a rise of £3,000 on March’s £278,000 figure.

Record levels were recorded in all parts of Britain in April, the ONS said, though experts have noted a softening of the market since.

Prices rose over the year to £299,000 (an 11.9 percent annual jump) in England; to £212,000 (16.2 percent) in Wales; to £188,000 (16.2 percent) in Scotland; and to £165,000 (10.4 percent) in Northern Ireland.

The South-west was the English region with the greatest annual price growth (14.1 percent) in April.

The lowest growth was recorded in London (7.9 percent) – where the typical house value was £530,000, the highest of any region in Britain.



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