UK House Price Index: February
It’s time for another House Price Index, our monthly report where we compile data from the HM Land Registry to give you a depiction of how house prices are changing over time. February’s data has just been released, here are the highlights: The average price of a property in the UK was £276,755 The annual price change for a property in the UK was 10.9% The monthly price change for a property in the UK was 0.5% UK house prices increased by 10.9% in the year to February 2022, up from 10.2% in January 2022.
Some figures...
On a non-seasonally adjusted basis, average house prices in the UK increased by 0.5% between January and February 2022, up from a decrease of 0.04% during the same period a year earlier (January and February 2021). House price growth was strongest in Wales where prices increased by 14.2% in the year to February 2022. The lowest annual growth was in London, where prices increased by 8% in the year to February 2022. A break down of % price changes by UK region: Edit Region / County 1 Month % 3 Month % 6 Month % 12 Month % 24 Month % England 0.89% 2.76% 6.64% 10.74%
19.92% Wales -0.66% 2.74% 6.51% 14.24% 23.60% South West 1.18% 2.27% 8.57% 12.49% 22.05% East Midlands -0.41% 2.62% 7.55% 10.92% 21.97% East of England 1.34% 2.88% 7.74% 12.48% 19.60% South East -0.27% 2.50% 6.94% 11.99% 19.59% London 2.24% 2.74% 3.14% 8.05% 11.68% West Midlands Region 1.43% 3.10% 4.15% 8.81% 16.86% At Black & White Bridging we provide specialist property finance across a wide range of projects, from typical residential bridging to development.
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Contact us today to find out more on 0117 937 4333 or send us an enquiry to enquiries@blackandwhitebridging.co.uk , to find out how we can help. Black & White Bridging, truly transparent lending with no grey areas.
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