House Prices Fall in Every Single Part of Britain in 2017

The Daily Mirror Headline says “House Prices Fall in Every Single Part of Britain in 2017”, according to Zoopla.
But Zoopla figures show prices rose:
Last 3 Months average price paid £290,964
Last 6 Months average price paid £284,157

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

The story from: The Daily Mirror


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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.


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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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