Are house prices really にわか景気ing and what's my home 価値（がある）? What's 現実に happening in the 所有物／資産／財産 market...

By Money Mail

Updated: 10:40 BST, 30 March 2014

When Margaret Thatcher decided in the Eighties to sell 会議 houses to their tenants, she tapped into a yearning in the British psyche.

As a nation we have a 深い 願望（する） to own our own homes, and have come to see 住宅 not just as roofs over our 長，率いるs but as a reliable and 有形の 投資. The 統計（学） are mind-boggling.

All British 住宅 連合させるd is 価値（がある） £5.2trillion. There are about 25?million homes in the UK, and around seven in ten of these are 占領するd by the owners. Go 支援する a century to 1918, and just two in ten people owned their own home.

In some towns prices fell over the past year, but some London boroughs experienced phenomenal rises

WHAT’S HAPPENING TO HOUSE PRICES TODAY?

We all think the 住宅 market is にわか景気ing and prices are rising ― but is this really the 事例／患者? 現実に it all depends on where you live and what type of house you have.

House prices can be 影響する／感情d by all sorts of things 含むing 供給（する） and 需要・要求する, 利益／興味 率s, 行う growth, 移民／移住 and even 期待s of price rises.

Land Registry 人物／姿／数字s show that the 普通の／平均（する） price in the UK 攻撃する，衝突する £168,356 in January, up by 4.2?per cent in a year. Detached houses were rising fastest at 4.6?per cent to an 普通の／平均（する） £267,590 while terraces had risen least, by 3.6?per cent to £125,901.

The value of homes in London rose by 2.1?per cent just in the month of January and by 10.9?per cent over the whole year to an 普通の／平均（する） £409,881. 一方／合間, in Yorkshire and Humberside, prices fell in January by 1.4?per cent and were up a mere 0.3?per cent in a year to an 普通の／平均（する） £114,910.

In some towns such as Sunderland, Doncaster and Rochdale, prices 現実に fell over the past year. Yet some London boroughs experienced phenomenal rises. Hackney homes 急に上がるd by 20.4?per cent, Waltham Forest by 18.3?per cent, and Lambeth by 16.4?per cent.

... AND OVER THE LONGER TERM

Halifax has the longest running 調査する, going 支援する more than 30 years. Its 人物／姿／数字s show that someone who bought an 普通の／平均（する）-定価つきの house at just under £31,621 at the end of 1983 would ― by the end of last year ― have been sitting on a 所有物／資産／財産 価値（がある） almost £173,685.

That’s 同等（の） to making 5.84?per cent a year 税金-解放する／自由な, if it’s your main home. Once again homes in London and the South-East have risen in value much faster than those in the North.

普通の／平均（する） 年次の price growth in Greater London has been just under 7?per cent over the past 30 years, while in the North it has 普通の／平均（する）d 5.35?per cent. This might not sound like a lot, but over the past 30 years this has 広げるd the price gap between the 普通の／平均（する） home in the North and one in Greater London from just over £15,000 to almost £187,000.

CAN I BELIEVE THESE SURVEYS?

House prices 調査するs seem to be ten a penny. An d they いつかs seem to be 説 different things. So can you believe them? 井戸／弁護士席 they are all 正確な in their own way. It’s just that they’re 手段ing different things.

Land Registry prices are based on the actual price paid for a home. Its database has 詳細（に述べる）s of more than 18 million sales made since January 1995. It 作品 out the rise by comparing like-for-like sales when the same house is sold for a second or その後の time.

Halifax and 全国的な use their own mortgage data. So the price is the one at the time the mortgage is 認可するd. This 除外するs homes that are sold without mortgages or 財政／金融d by other 貸す人s.

Rightmove shows the asking prices of homes on the market ― so it may 反映する owners’ or 広い地所 スパイ／執行官s’ 楽観主義. However, it is based on a 見本 of up to 200,000 所有物／資産／財産s a month.

WHAT’S MY HOME WORTH?

When house prices are rising, as they are now, this is the question we all 内密に want answered. The only way to know for sure is to put your home on the market and sell it! You could also get a couple of 広い地所 スパイ／執行官s to do 解放する／自由な valuations. But there are also very useful 道具s on the internet.

The best known is Zoopla, part owned by the Daily Mail group, which 蓄える／店s 詳細（に述べる）s of houses that have been sold or are for sale.Just type in your street or postcode and the 詳細（に述べる）s will pop up on your 審査する.

Even if you don’t want to know what your own home is 価値（がある）, it’s a 広大な／多数の／重要な way to snoop on your 隣人s. The other 代案／選択肢 is to go to the website of a 貸す人 such as 全国的な where they have calculators that will 見積（る） the value based on what you paid and where you live.

HOW DOES THE FUTURE LOOK?

If ever there was a green light to 買い手s it was comments by Bank of England 知事 示す Carney that 利益／興味 率s won’t rise for a year and even then will rise only slowly. Rarely can there have been an 適切な時期 to buy a home with 前進する 警告 that your mortgage 率 won’t rise 大幅に for several years.

広い地所 スパイ／執行官 Savills, which is the bravest 予報官 gazing five years into the 未来, 示唆するs prices will continue to rise 刻々と ― and by more than 消費者 price インフレーション. Savills is 予報するing that for prime 所有物／資産／財産, ‘最高の 郊外s’ will outperform London over the next five years. These places 含む Surrey 郊外s such as Oxshott, Esher, Cobham, Weybridge and Virginia Water, Ashridge in Hertfordshire and Gerrards Cross in South Buckinghamshire.

For mainstream 所有物／資産／財産, London is again 推定する／予想するd to lead the way this year with an 8.5?per cent rise, Savills says. But it 示唆するs prices どこかよそで should go up by at least 4.5?per cent.

The best rises over the next five years are 推定する／予想するd to be in the South-East, South-West and East of England, with prices up by around 30?per cent by the end of 2018. The slowest could be the North-East, North-West and Scotland at いっそう少なく than 20?per cent.