Saturday, 9 April 2011

House prices static over past 12 months | Money | guardian.co.uk

House prices static over past 12 months | Money | guardian.co.uk

House prices fell by 0.1% during March, partly reversing February's 0.3% increase, according to the latest LSL Property Services/Acadametrics index. But house prices remained static during the last year with 0% growth, leaving the average UK house price at £222,146.

The number of seasonally-adjusted transactions rose by 6% as buyers rushed to beat the increase of the higher band of stamp duty on properties sold for £1m or more, which rose from 4% to 5% on 6 April.

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