House Price Inflation in England: Regional Breakdown.
Statistics for July (2005) released by the Office of the Deputy Prime Minister show the following pattern of 12-months percentage change in house prices:
1. North West +7.3%
2. Yorkshire & the Humber +7.1%
3. North East +6.5%
4. West Midlands +5.7%
5. East Midlands +3.4%
6. The East +3.1%
7. South West +1.5%
8. South East +1.3%
9. London +0.9%
At the other end of the spectrum, the house prices in London showed the slowest increase. However, we must remember that London already has the highest average price for a property; therefore a 0.9% increase may still be higher in value terms compared to other regions where properties are relatively cheaper.
Statistics for July (2005) released by the Office of the Deputy Prime Minister show the following pattern of 12-months percentage change in house prices:
1. North West +7.3%
2. Yorkshire & the Humber +7.1%
3. North East +6.5%
4. West Midlands +5.7%
5. East Midlands +3.4%
6. The East +3.1%
7. South West +1.5%
8. South East +1.3%
9. London +0.9%
At the other end of the spectrum, the house prices in London showed the slowest increase. However, we must remember that London already has the highest average price for a property; therefore a 0.9% increase may still be higher in value terms compared to other regions where properties are relatively cheaper.
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