Semi-detached homes drive property price rise 

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The price of semi-detached homes rose at the fastest rate of any property type in England and Wales in the year to the end of April, data shows

  • 1 June 2015
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Property prices have been rising in most areas of the country

The value of semis rose by 5.6% over the year, the Land Registry figures show, ahead of flats (up 5.4%) and detached homes (up 5.1%).

Overall, property prices increased by 5.1% over the year and by 0.9% from March to April.

The average home was valued at £179,817, the Land Registry said.

Prices rose the fastest in London over the year, up 10.9%, and in the South East of England, up 8.8%.

The slowest annual property price growth was in Wales, up 0.3%. Prices in Wales fell by 1.1% in April compared with March.

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The pace of property price rises generally has slowed, although the picture features significant regional differences.

“The property market in Wales and the North East [of England] is a million miles away from the south-east corner of England,” said Jonathan Samuels, chief executive of Dragonfly Property Finance.

“The broader fall in the number of property transactions over the last year suggests a natural slowdown in the property market after a period of exuberance.”

Property price changes
Region Monthly change Annual change
Yorkshire and the Humber 2.7% 3.1%
London 2.3% 10.9%
North West England 2.1% 2.3%
East Midlands 1.4% 5.1%
South West England 1.4% 5.9%
South East England 0.8% 8.8%
East England 0.3% 7.8%
West Midlands 0.2% 2.3%
North East England -0.5% -0.6%
Wales -1.1% 0.3%
Source: Land Registry