{"id":2742,"date":"2010-06-16T09:38:15","date_gmt":"2010-06-16T08:38:15","guid":{"rendered":"http:\/\/www.hip-consultant.co.uk\/blog\/?p=2742"},"modified":"2021-06-02T17:39:45","modified_gmt":"2021-06-02T16:39:45","slug":"annual-house-price-rise-breaks-103","status":"publish","type":"post","link":"http:\/\/www.hip-consultant.co.uk\/blog\/annual-house-price-rise-breaks-103\/","title":{"rendered":"Annual House Price Rise Breaks 10%"},"content":{"rendered":"

House prices were 10.1% higher in April 2010 than in April 2009, gaining 0.4% during March 2010 alone.<\/p>\n

The new figures released from the Department for Communities and Local Government (DCLG) \"house<\/a>calculate the average price of a UK home at \u00a3207,516, factoring a 0.9% increase over the three months to the end of April.<\/p>\n

On a yearly basis, the average value of a house rose 10.9% in England, 11.3% in Wales and\u00a0 1.1% in Scotland with Northern Ireland remaining in negative figures at – 8.9%.<\/p>\n

However, the quarterly increase was well below the 4.8% recorded in the previous three-month period and indicates the rate of price rises slowing.<\/p>\n

Unsurprisingly, London remained the area with the highest average house price in April 2010, at \u00a3332,677, and the North East with the cheapest average house price at \u00a3139,595. Due to a large number of public sector jobs in the North-East there are fears that prices may come under further pressure as the cuts are implemented.<\/p>\n

Annual growth in house prices were reported at 12.2% for the typical first-time buyer, compared to 12.6% in March 2010 with the average price of \u00a3153,803 being paid\u00a0by those gaining a foot in the property market in April 2010.<\/p>\n

With these figures, the financial uncertainity and news expected later today on a potential cap on mortgage lending it does raise speculation that the property market maybe heading for a double dip. Where do you think house prices will be in 12 months from now?<\/p>\n

Photo by blech<\/a><\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

House prices were 10.1% higher in April 2010 than in April 2009, gaining 0.4% during March 2010 alone.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,30],"tags":[457,458,455,456],"class_list":["post-2742","post","type-post","status-publish","format-standard","hentry","category-news","category-housing-market","tag-average-house-prices","tag-cap-on-mortgages","tag-dclg","tag-house-price-rises"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2742"}],"version-history":[{"count":17,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2742\/revisions"}],"predecessor-version":[{"id":6096,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2742\/revisions\/6096"}],"wp:attachment":[{"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2742"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}