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
22.1 - 546,037