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Property values up in March for higher income homeowners

13 April 2005
Property values showed a slight increase in March for higher income homeowners, the latest instalment of mortgage data from Moneynet has found.

According to the website, the average property value for homeowners in the highest tax bracket (40 per cent or more) climbed to £205,518 in March from February's level of £204,656.

"Average property values for visitors to our site - in common with many of those who regularly use the internet for financial information and transactions - are higher than for those on the national average wage, but we believe the survey to be a key tool for charting house price trends for the UK's higher earners," said Richard Brown, chief executive of Moneynet.

The overall average property value was £204,518 in March, Moneynet found, significantly more than the average house price in February of £179,491 revealed earlier this week in figures from the Office of the Deputy Prime Minister.

The average value for first-time buyers was £195,282, the research from Moneynet suggests.

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