{"id":4516,"date":"2012-11-05T11:51:30","date_gmt":"2012-11-05T10:51:30","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=4516"},"modified":"2012-11-05T12:04:24","modified_gmt":"2012-11-05T11:04:24","slug":"house-prices-on-the-up-at-fastest-rate-for-two-years","status":"publish","type":"page","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=4516","title":{"rendered":"House Prices on the up at Fastest Rate for Two years"},"content":{"rendered":"<p>Figures from the Land Registry outlined that England and Wales experienced in September of this year the fastest year-on-year house price rise since November 2010. Growth of 1.1% raised the average asking price \u00c2\u00a3162,561, fuelled in part by particularly strong 5.5% growth in London.<\/p>\n<p>That London centric growth brought house prices in the capital to a dizzying \u00c2\u00a3363,802 which, whilst areas like the North, the Midlands and Wales suffered falls, has extenuated the much publicised North South divide. Overseas buyers have been attributed as the cause for London\u00e2\u20ac\u2122s continued growth and the Land Registry reported sales of homes worth over \u00c2\u00a31million were up a fifth in July compared with a year earlier.<\/p>\n<figure id=\"attachment_4519\" aria-describedby=\"caption-attachment-4519\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/?attachment_id=4519\" rel=\"attachment wp-att-4519\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-4519\" title=\"Harrods_London\" src=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/Harrods_London-300x225.jpg\" alt=\"Central London Benefitting the Most\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/Harrods_London-300x225.jpg 300w, https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/Harrods_London.jpg 450w\" sizes=\"auto, (max-width: 300px) 85vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-4519\" class=\"wp-caption-text\">Central London Benefiting the Most From Property Price Hike<\/figcaption><\/figure>\n<p>Compared to that substantial 5.5% rise, the North East suffered the most with falls of 3.2% pushing prices to an average of \u00c2\u00a399,163. The month-by-month figures also paint a slightly less optimistic story, with overall figures showing a 0.3 per cent decline in September following a 0.1 per cent fall in August.<\/p>\n<p>Figures released by the Financial Services Authority (FSA) also highlighted the particular plight of first time buyers in what continues to be a difficult market. The FSA revealed that half of first-time buyers \u00e2\u20ac\u02dcchose terms in excess of 25 years\u00e2\u20ac\u2122 during the first half of 2012, adding that typical young buyers are taking five more years to pay off their loans on average than in the past.<\/p>\n<p>Although longer terms on the loans keep monthly payments down, which is undoubtedly attractive for those on lower incomes, they also escalate interest additions, resulting in many more thousands to the final bill.<\/p>\n<p style=\"text-align: center;\">\u00c2\u00a0&#8212;<\/p>\n<p style=\"text-align: left;\">A full breakdown of this month\u00e2\u20ac\u2122s latest statistical analysis is available on our <a href=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=4466\">Monthly Factfile.<\/a> We publish this every month to help you keep track of progress in the UK property market.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.propertysurveying.co.uk\">www.propertysurveying.co.uk<\/a><\/p>\n<p style=\"text-align: left;\">[contact-form][contact-field label=&#8217;Email&#8217; type=&#8217;email&#8217; required=&#8217;1&#8217;\/][contact-field label=&#8217;Comment&#8217; type=&#8217;textarea&#8217;\/][contact-field label=&#8217;I liked this article&#8217; type=&#8217;checkbox&#8217;\/][contact-field label=&#8217;I did not like this article&#8217; type=&#8217;checkbox&#8217;\/][\/contact-form]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Figures from the Land Registry outlined that England and Wales experienced in September of this year the fastest year-on-year house price rise since November 2010. Growth of 1.1% raised the average asking price \u00c2\u00a3162,561, fuelled in part by particularly strong 5.5% growth in London. That London centric growth brought house prices in the capital to &hellip; <a href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=4516\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;House Prices on the up at Fastest Rate for Two years&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"folder":[],"class_list":["post-4516","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>House Prices on the up at Fastest Rate for Two years - Property Surveying NEWSLETTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=4516\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Prices on the up at Fastest Rate for Two years - Property Surveying NEWSLETTER\" \/>\n<meta property=\"og:description\" content=\"Figures from the Land Registry outlined that England and Wales experienced in September of this year the fastest year-on-year house price rise since November 2010. 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