Slow growth reported for Humber’s property prices

Published: Wednesday 30th December 2015 by The News Editor

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House prices in Yorkshire and the Humber are not growing as fast as elsewhere in the UK, two new reports show.

According to Nationwide, the area was the weakest-performing region in England this year, with the average house price up by only 0.4% annually to £143,390.

Across the UK as a whole, property values rose by 4.5% over the year to December, accelerating from annual growth of 3.7% recorded in November. December also saw a 0.8% rise month-on-month.

The gap between average house prices in the North and South has widened by £23,000 during 2015 as southern regions have continued to outperform the rest of the country, Nationwide says.

Another report, by Zoopla, says Yorkshire and the Humber recorded the 4th lowest growth figures in the UK, although its average house price is higher at £167,597.

It puts growth at 3.3% over the year compared with the UK average of 7.2% and 11.8% in London.

The only other regions with lower rates of growth than Yorkshire and the Humber were the North East, Scotland and Wales.

The combined value of the UK’s homes has jumped by about £519 billion in 2015, according to the property website.

Copyright Press Association 2015

Published: Wednesday 30th December 2015 by The News Editor

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