House prices have risen more in the East Midlands than anywhere else in Britain outside London
House prices have risen more in the East Midlands than anywhere else in Britain outside London.
The figures from the Office for National Statistics show that prices have risen by 3.6% in the last year. Properties in the West Midlands had the next highest rise at 2.4%
The average price paid by first time buyers for a house is now £179,000.
House prices drop in the Midlands
House prices in the Midlands are down compared to March last year, despite a rise nationally.
Figures show that prices in the East Midlands have fallen by almost one percent – while prices for properties in the West Midlands have dropped by almost four percent.
Nationally, house prices have increased by seven per cent.
House Price Increase
House prices set to rise according to survey
House prices across the West Midlands look set to increase over the next few months. That's according to the latest housing survey carried out by the Royal Institute of Chartered Surveyors.
Last month, house sales in the region were stable. It's the first time in 2 and a half years that there wasn't a drop.