The popular commuter town of Luton has seen property price growth outpace rises in the average salary by 7.99% over the past year, according to new data from property website Zoopla.
The average price of a property in Scotland in December 2016 was £141,553, according to the latest UK House Price Index (UK HPI). This is an increase of 3.5% on the previous year and a decrease of 0.2% when compared to the previous month.
The latest House Price Index from Halifax has revealed a 1.6% increase in house prices in the three months to July, compared to the previous three months. This exceeds the 1.1% increase seen in June, and is similar to the rates recorded in April and May (both 1.5%).
...Property prices in the countryside are, on average, £27,047 (17%) higher than in urban areas, according to the latest annual Bank of Scotland Rural Housing Review.
...Trading down from a detached house to a bungalow or a semi-detached house could raise a significant amount of cash, according to the latest Downsizers Report from Lloyds Bank.
...The latest House Price Index from the Office for National Statistics (ONS) has revealed that UK average house prices increased by 9.9% over the year to April 2014, which is up from an increase of 8.0% in the year to March 2014.
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