Average house prices in the UK increased by 2.3%

In May 2012, the average cost of property in the UK rose by 2.3% compared to the same period in 2011, according to an Internet resource the Property-Wire , citing figures from the country's national statistics bureau. House prices remain relatively stable across the country, except for Northern Ireland. In England, the annual growth in property prices was 2.6% in Wales - 3.5%, and in Scotland and Northern Ireland for the year housing cheaper by 1% and 10.3%, respectively. From May 2011 to May 2012 the cost of new housing in the UK increased by 6.2%, while the secondary real estate during this period went up by 2%. In May 2012, the average value of residential property in the UK was 228,000 pounds (290,000 euros), and if you do not take into account the London and South East England, is a house in the country on average is 183,000 pounds (233,000 euros). London is still the most expensive residential real estate in the country, where the average cost is 388 000 pounds (about 494 000 euro). HomesOverseas.ru