• UK House Price Index

Merseyside house prices see 4.9% annual rise

The average Merseyside house price was up by 4.9% in April compared to the same time last year, new data has shown.

According to the government’s new quarterly UK House Price Index (HPI), the area’s average property price during the period in 2016 was £130,187, having risen year on year from 2015’s £124,085 figure.

The new single official HPI, released for the first time yesterday (14 June), reflects the final transaction price for sales of homes across the UK using data provided by Land Registry, Registers of Scotland, Land & Property Services Northern Ireland and the Valuation Office Agency.

Across England, the April statistics show an annual price increase of 9.1%, which takes the average property value to £224,731. Meanwhile monthly house prices rose by 0.7% since March 2016.

The regional data featured in the report shows the North West experienced the greatest monthly growth with an increase of 2.3%.

About Author: Natasha Young

Natasha Young is our Editor. She can be contacted by email natasha@movepublishing.co.uk or by phone on 0151 709 3871.