The value of the average home in Britain has risen by £3,373 (1.5%) over the last year with the average home value across the country now standing at £226,369, down £609 from 3 months ago.
The increase in property values over the past year was seen in all but three regions of Britain. The three regions to see an annual decline were the North West, (down 2.5%), Wales (down 1.4%) and Yorkshire and The Humber (down 0.55%).
Property prices in London have continued to rise at a far faster pace than the rest of Britain over the past 12 months. The average property value in the capital rose by £30,259 (7.3%) over the past year whilst the South East saw a 3.4% increase in average values.
Lawrence Hall of Zoopla.co.uk said:
“It’s been a relatively flat but stable year for house prices with most parts of the country seeing modest growth. London, however, continues to pull away from the rest of the market and has experienced strong growth again over the past year.”
