Department of Communities and Local Government House Price Index:
According to the Department of Communities and Local Government's latest House Price Index, annual average house prices paid for new properties in April 2010 were 7.6 per cent higher than a year ago. This is a sizeable increase from the 1.3% increase seen in March.
In the month to April, there was an increase of 5.6% in the price paid for new properties, a significant increase compared to April 2009 which saw a rise of 0.6%. Meanwhile the annual house price growth rate for pre-owned dwellings remained the same at 10.3 per cent in April, compared to March.
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