UK house prices up in April: Halifax

Source: Xinhua| 2019-05-08 19:11:07|Editor: xuxin
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LONDON, May 8 (Xinhua) -- The average house price in the United Kingdom was 236,619 British pounds (307,703 U.S. dollars) in April this year, 1.1 percent higher than in March, according to figures published by mortgage lender Halifax on Wednesday.

Halifax's House Price Index showed that prices in the latest quarter (February to April) were 5 percent higher than in the same period a year earlier.

On a quarterly basis, house prices in the latest quarter grew 4.2 percent over the preceding three months.

Data showed that in April 2009 the average house price across the UK was 154,663 British pounds, which reflects a 4.3 percent average annual increase.

Russell Galley, managing director of Halifax, said: "The average UK house price now stands at 236,619 British pounds following a 1.1 percent monthly rise in April, as demand and supply of housing remained subdued for another month.

"The index has seen a weaker pace of growth over the last three years, which is consistent with the easing of transactions volumes and housing market activity reflected in RICS (Royal Institution of Chartered Surveyors), Bank of England and HMRC (Her Majesty's Revenue and Customs) figures," Galley added. (1 British pound = 1.30 U.S. dollar)