Some interesting figures on UK property market have been released by the Land Registry.
According to the data, the price of semi-detached homes rose at the fastest rate of any property type in England and Wales in the year to the end of April.
The value of semis rose by 5.6% over the year, the Land Registry figures show, ahead of flats (up 5.4%) and detached homes (up 5.1%).
Overall, UK property prices increased by 5.1% over the year and by 0.9% from March to April. The average home was valued at £179,817, the Land Registry said.
UK Property Market Price Rise
Property market prices rose the fastest in London over the year, up 10.9%, and in the South East of England, up 8.8%.
The slowest annual property price growth was in Wales, up 0.3%. Prices in Wales fell by 1.1% in April compared with March.
The pace of property price rises generally has slowed, although the picture features significant regional differences.
“The property market in Wales and the North East [of England] is a million miles away from the south-east corner of England,” Jonathan Samuels, chief executive of Dragonfly Property Finance, told the BBC.
“The broader fall in the number of property transactions over the last year suggests a natural slowdown in the property market after a period of exuberance.”
