UK house prices inch upwards
Latest figures released today by HBOS reveal that house prices rose by 0.8% between July and August taking the average house price across the UK to £160,973. The results mark the second consecutive month in which an increase had been recorded.
Earlier this month ESPC reported that the house prices in Edinburgh had increased by 2.2% annually, taking the average selling price of a property in the Capital to £206,030. The figures suggest that trends across the UK are in line with those witnessed in the local market. Home values are around 10% below levels recorded at the peak of the market but prices are now inching upwards slowly and are broadly unchanged compared to those seen at the end of last year.
You can view the full statistical release from HBOS here, or to view all the latest house price reports on Edinburgh and East Central Scotland, click here.
Note: Care should always be taken when comparing house price data from different sources due to differing methodologies and sample sizes. Our House Price Index FAQ gives you an insight into the different approaches taken by some of the major authorities on house prices.