The average price of a Prime UK property rose to £449,689 in April - an increase of 0.5% on March and of 3.2% on April 2009
Prime Platinum UK property recorded an average value of £625,849 this month. This tier saw annual growth of 6.0%, with a strong monthly increase of 1.1%
In contrast to the stronger-performing Prime and Prime Platinum markets, annual growth for overall average house prices was a modest 1.6% in April. The UK average house price increased by 0.3% over the month and now stands at £217,434
The level of Prime and Prime Platinum stock has risen by over 4.0% in April and is now 41.0% higher than a year ago. Stock remains higher than at any time since the beginning of 2008
In London, average Prime property prices grew by 1.7% to £1,113,903 this month and are now 4.7% up on their value of a year ago. Prime Platinum property in the capital climbed 2.0% to £1,688,421 in April. Annual growth was 7.8%
Regionally, the best performing Prime markets were in the South East and South West, which recorded monthly price rises of 2.0% and 1.5%. Annual growth was highest in Scotland (7.8%), the South East (7.5%) and the East of England (5.5%), with only Yorkshire and the Humber and the North West not seeing an annual increase in prices
Prime Platinum property prices also fared best in the South East (3.0%) and South West (2.5%) over the course of April. The greatest annual growth was experienced in Scotland (12.7%), followed by the South East (9.2%).
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