UK property market sees house price rise

The value of property in the UK has surged throughout 2012 so far in all but three regions, according to new figures published by Zoopla.

The average home value in Britain has now reached £226,369 - an increase of £3,373 (1.5%).
London is especially soaring; its prices remain higher than the rest of the UK, with an average of £30,259 - a 7.3% rise.

The South East was also among those with the highest increase, experiencing a 3.4% average value rise.

Lawrence Hall, Head of Communications at Zoopla, said "it's been a relatively flat but stable year for house prices with most parts of the country seeing modest growth."

However, he picked out London as having particularly "strong growth," and pulling "away from the rest."

The only regions to experience a year-on-year decline were the North West, Wales and Yorkshire and the Humber, down by 2.5%, 1.4% and 0.55% respectively.

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