House prices seesaw: now they're up overall (depending who you believe) | Money | guardian.co.uk

House prices seesaw: now they're up overall (depending who you believe) | Money | guardian.co.uk

There is further confusion for homeowners, with the latest house price index from the Department for Communities and Local Government indicating a 1.2% increase in UK house prices in March.

The monthly increase took the annual rise to 0.9% during the 12 months to the end of March, producing an average UK house price of £202,565. This follows flat prices in February and a drop of 1.4% month-on-month in January.

However, there is huge disparity between different regions of the UK: while the average price in England increased by 1.3% during the year, property in Scotland fell by -0.7%, in Wales by -2.5% and a whopping -13.9% in Northern Ireland. In London house prices went up by 5.6%, and by 2.9% in the east of England, but fell by -5.3% in the north-east and -2.8% in Yorkshire and Humber and the West Midlands.