House Prices Fall In Euro Area

House prices in the euro area fell by 0.3% as measured by the House Price Index (HPI) and increased by 1% in the EU during the first quarter of 2014 compared with the same period last year. When compared with the fourth quarter of 2013 the HPI fell by 0.3% in the euro area and rose by 0.2% in the EU according to Eurostat.

The biggest annual falls in house prices according to the HPI were in Croatia with -9.7%, Slovenia -6.6% and Cyprus -5.7%. The biggest increases were in Estonia with 17.5% and Latvia with 10.4%. The UK was next with an increase of 8%. The biggest falls over the quarter were in Croatia with -2.7%, Luxembourg with -2.3% and Slovenia -1.7%. THe highest increases were in Estonia with an increase of 4.8%, Sweden with an increase of 2.4% and the UK with an increase of 2.2%.

House Prices Up 10.1% On Last Year

The House Price Index (HPI) from the Department for Communities and Local Government (DCLG) for April 2010 went up by 10.1% between April 2009 and April 2010 and 0.4% on March. The average house price was £207,516 in April 2010 and the all dwellings index was 174.4.

Annual average house prices in England went up 10.9%, in Scotland 2.2% and in Wales 11.3% but N.Ireland house prices fell by 8.9%. First time buyers paid 12.2% more than a year ago. Average prices for former owner/occupiers were 9.3% higher. New properties were 7.6% more than last year and pre-owned houses were up 10.3%.

House prices rose in all regions of the UK except Yorkshire and Humber where prices fell 0.5%. East Midlands saw the biggest increase with a rise in prices of 2.7%. Over the year to April all regions have seen an increase in house prices. The largest increases were in London where there were price rises of 16.8%.

The average price for a house in England in April was £214,863, in Scotland £162,392, in Wales £151,079 and in N.Ireland £163,201. The English region with the highest average house price was London. The North East was the lowest with £139,595. The regions with an average house price above the national average were the East of England, London, the South East and the South West.

House Prices Up 7.4%

UK house prices up 7.4% on February 2009 compared to 6.2% last year and 0.1% lower than January. The index (HPI) stood at 171.4. The mix-adjusted average house price in UK was £204,359 in February 2010 compared to £207,825 last year. UK house prices up 2.9% in the quarter ending February and 3.4% higher than last quarter. First time buyers annual average price in February 2010 was 9.3% higher than last year. Former owner occupiers annual average price was 6.6% higher than last year. Average annual house price for new houses was 3.9% higher. Average house price for pre-owned houses was 8.2% higher.

There was an increase in house prices in all countries of the UK except N.Ireland in the year to February. In England the increase was 7.9%, in Scotland 4.2% and in Wales 4.7%. In N.Ireland house prices fell by an average of 8.3% on February last year.

In the regions the mix-adjusted average fell in all regions except the North-East. The annual house price changes in England were lowest in the North-East at 3.5%, 3.9% in the West Midlans, 5.1% in Yorks and Humber and the East Midlands, 5.3% in the North-West, in the South-West it was 7.5%, 8.5% in the East, 10% in the South-East and highest in London at 10.6%. House prices in London averaged £321,289 and the North-East averaged £137,523. The average mix-adjusted house price for England was £211,299, Scotland £167,865, N.Ireland £167,832 and Wales £159,865. The South-West, East, South-East and London were above the UK national average of £204,359.

The average price paid by first time buyers was £149,490 and by former owner occupiers £238,185. Tne average price paid for pre-owned properties was £206,142 and new properties £181,783.