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Apr 15 2017

House Prices Fall in Every Single Part of Britain in 2017

News Headline: The £29BILLION collapse – house prices fall in every single part of Britain in 2017 (except Wales)

The story from: The Daily Mirror

Zoopla said homes across the UK are now valued at £7.93 trillion in total – down £29 billion since the start of 2017

The fall, seen between the start of January and the end of March, equates to a decrease of £1,004 in the average value of a home over the three-month period

Property values across England have slipped back by 0.41% over the last three months, while values in Scotland have edged down by 0.08%.

Despite the recent general decline, property values across England, Scotland and Wales are still higher than they were a year ago, Zoopla said.

Analysis of the Facts:

House Prices have risen in the last year, but MAYBE with some quarters rising and some dropping.

The Zoopla Area Guide for England (at 15 April 2017) shows

Last 3 Months increase in Value £1,437 a 0.46% rise. Average price paid £290,964
Last 6 Months increase in Value £1,438 a 0.46% rise. Average price paid £284,157
Last 12 Months increase in Value £7,373 a 2.38% rise. Average price paid £283,382
Last 5 Years increase in Value £72,541 a 29.64% rise. Average price paid £264,418

The Zoopla Area Guide for the UK (Zoopla Zed Index) (at 15 April 2017) shows

£317,246 England but with an average price paid of £290,964 in the last 3 months
£180,667 Scotland but with an average price paid of £164,201 in the last 3 months
£180,297 Wales but with an average price paid of £168,058 in the last 3 months

Sources:

http://www.zoopla.co.uk/market/uk/
http://www.zoopla.co.uk/market/england/
http://www.zoopla.co.uk/market/scotland/
http://www.zoopla.co.uk/market/wales/

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