House Prices: 4.9% increase in Wales in the year to March

UK house prices increased by 8.0% in the year to March 2014, down from 9.2% in the year to February 2014. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

House price annual inflation was 8.5% in England, 4.9% in Wales, 0.8% in Scotland and 0.3% in Northern Ireland. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

House prices are increasing strongly across most parts of the UK, with prices in London again showing the highest growth. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Annual house price increases in England were driven by rises in London (17.0%), the East (6.6%) and the South East (6.1%).Excluding London and the South East, UK house prices increased by 4.7% in the 12 months to March 2014. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

On a seasonally adjusted basis, average house prices fell by 0.5% between February and March 2014. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

In March 2014, prices paid by first-time buyers were 10.0% higher on average than in March 2013.For owner-occupiers (existing owners), prices increased by 7.2% for the same period. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

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