The average house price in the UK rose to £201,090 in December 2006, the Department for Communities and Local Government (DCLG) has revealed, up from £199,238 in November.
The rate of house price inflation rose rapidly from 8.8 per cent in November to 9.9 per cent for December, with inflation rates in London and the south-east leading the way.
The rise in prices charged for flats (whose value rose by 2.6 per cent) and semi-detached houses (which rose by 1.6 per cent) diverged from a 0.8 per cent fall in the price of detached houses – suggesting that house price growth may be concentrated in urban areas, and on smaller properties.
Predictably, average house prices for London were well above the national average at £296,160.
For first-time buyers, house price inflation rose from November to December but dropped slightly behind the overall average, reaching 9.4 per cent.
The average price of a first home reached £155,120.
"With average house prices breaking the £200,000 mark in December, the housing market has breached a psychological barrier which will further the woes of first-time buyers," Oliver Gilmartin of the Royal Institution of Chartered Surveyors commented.To compare UK property, click here.
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