///House Price Index – April 2009

House Price Index – April 2009

The latest UK house price index statistics produced by Communities and Local Government were released on Tuesday 9 June 2009.

The latest statistics release includes data based on mortgage completions during the month of April 2009.

The key points from the release are:

  • UK house prices were 13.0 per cent lower than in April 2008.
  • The mix-adjusted average house price in the UK stood at £189,215 in April 2009 (not seasonally adjusted).
  • UK house prices fell by 3.0 per cent in the quarter ending April 2009. This compares with a fall of 3.9 per cent for the quarter ending January 2009.
  • Annual average house prices fell in England (-13.2 per cent), Wales (-10.3 per cent), Scotland (-8.6 per cent) and Northern Ireland (-22.8 per cent).
  • Annual average house prices paid by first time buyers in April 2009 were 16.0 per cent lower than a year ago. By comparison average house prices paid by former owner occupiers were 11.9 per cent lower.

Read the whole article here.
Article by the Department of Communities and Government.
Data sourced from the CML/BankSearch Regulated Mortgage Survey.

2013-07-26T16:13:51+00:00 26th July 2013| In The Press|