This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-32957509
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Semi-detached homes drive property price rise | Semi-detached homes drive property price rise |
| (1 day later) | |
| The price of semi-detached homes rose at the fastest rate of any property type in England and Wales in the year to the end of April, data shows. | The price of semi-detached homes rose at the fastest rate of any property type in England and Wales in the year to the end of April, data shows. |
| The value of semis rose by 5.6% over the year, the Land Registry figures show, ahead of flats (up 5.4%) and detached homes (up 5.1%). | The value of semis rose by 5.6% over the year, the Land Registry figures show, ahead of flats (up 5.4%) and detached homes (up 5.1%). |
| Overall, property prices increased by 5.1% over the year and by 0.9% from March to April. | Overall, property prices increased by 5.1% over the year and by 0.9% from March to April. |
| The average home was valued at £179,817, the Land Registry said. | The average home was valued at £179,817, the Land Registry said. |
| Prices rose the fastest in London over the year, up 10.9%, and in the South East of England, up 8.8%. | Prices rose the fastest in London over the year, up 10.9%, and in the South East of England, up 8.8%. |
| The slowest annual property price growth was in Wales, up 0.3%. Prices in Wales fell by 1.1% in April compared with March. | The slowest annual property price growth was in Wales, up 0.3%. Prices in Wales fell by 1.1% in April compared with March. |
| The pace of property price rises generally has slowed, although the picture features significant regional differences. | The pace of property price rises generally has slowed, although the picture features significant regional differences. |
| "The property market in Wales and the North East [of England] is a million miles away from the south-east corner of England," said Jonathan Samuels, chief executive of Dragonfly Property Finance. | "The property market in Wales and the North East [of England] is a million miles away from the south-east corner of England," said Jonathan Samuels, chief executive of Dragonfly Property Finance. |
| "The broader fall in the number of property transactions over the last year suggests a natural slowdown in the property market after a period of exuberance." | "The broader fall in the number of property transactions over the last year suggests a natural slowdown in the property market after a period of exuberance." |
| The figures come as insurer Legal and General said there was a need for purpose-built homes for the older generation. | |
| Nigel Wilson, chief executive of L&G, said that there were more than five million under-occupied homes owned by the over 55s. | |
| Two-thirds of them were looking to downsize but there were no appropriate homes for them, he said. |