House prices fell 0.2% in last year, 公式の／役人 人物／姿／数字s 報告（する）／憶測 - but it depends on where you live

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House prices remain わずかに lower than they were a year ago, によれば the 最新の 人物／姿／数字s from the Office for 国家の 統計（学）.

The ONS 明らかにする／漏らすd the 普通の／平均（する） UK house price rose by 0.4 per cent between January and February, but remained 0.2 per cent lower than it was a year ago.

It means the 普通の／平均（する） house price was £281,262 in February 2024, up from £280.660 this time last year.

Flat prices: 普通の／平均（する） UK house prices are 負かす／撃墜する by 0.2% year-on-year as higher mortgage 率s continue to 重さを計る 激しい on 買い手s

Anthony Codling, 長，率いる of European 住宅 and building 構成要素s for 投資 bank, RBC 資本／首都 Markets said: 'House prices continue to sit on the 盗品故買者 having fallen by just £562 compared to one year ago.?

'When we consider all the other 経済的な moving parts and political machinations house prices continue to 陳列する，発揮する a high level of 安定 and seem to be able to 天候 any 嵐／襲撃する thrown at them.?

'This 安定 should encourage more people to move home and with 給料 現在／一般に rising faster than インフレーション, homebuyers may find they have a bigger 予算 than they thought.'

Iain McKenzie, 長，指導者 (n)役員／(a)執行力のある of The Guild of 所有物／資産／財産 Professionals also believes the resilience should encourage 買い手s and 販売人s.?

He said: '販売人s will be delighted by another month of modest house price growth and this 傾向 could continue as we move through the busy spring and summer months.

'A return to 年次の growth is now within reach after a difficult year for homeowners in 2023, many of whom may have felt that they had 行方不明になるd a window of 適切な時期 to sell their 所有物／資産／財産.

'買い手s may not be as excited about the prospect of house prices 増加するing, but it should be 安心させるing to know that any 購入（する）s made now are ありそうもない to lose value すぐに after they 交流.'

What's happening to house prices across the count ry?

What's happening to the price of someone's home could change depending on the area or type of 所有物／資産／財産 they live in.

New builds have seen 重要な price growth, によれば the ONS 人物／姿／数字s, which could be 隠すing larger house price 落ちるs across the 残り／休憩（する） of the market.

Year-on-year, new-build 所有物／資産／財産s have risen in price by a staggering 16.4 per cent. That compares to a 2.5 per cent 年次の 減少（する） for other 所有物／資産／財産s.

Those who are living in detached or 半分-detached houses are more likely to have seen the price of their home rise than those living in terraced houses or flats.

The 普通の／平均（する） detached home is up 0.5 per cent year-on-year, while the 普通の／平均（する） 半分-detached home is up 0.7 per cent.

一方／合間 the 普通の／平均（する）?terraced house and flat or maisonette has fallen by 1 per cent in the 12 months to February this year.

But there are also big 地域の d ifferences. The 普通の／平均（する） 所有物／資産／財産 in London has fallen 4.8 per cent over the past 12 months and homes in the West Midlands are 負かす／撃墜する 2.9 per cent year-on-year, after the 普通の／平均（する） 所有物／資産／財産 price fell by 1.2 per cent between January and February.

However the 普通の／平均（する） 所有物／資産／財産 in Scotland is up 5.6 per cent year-on-year にもかかわらず prices 落ちるing 0.6 per cent between January and February.

The 普通の／平均（する） home in the North East of England is up 2.9 per cent after a bumper 3.2 per cent 月毎の rise in house prices in February.?

略奪する Southwell, area partner for 広い地所 スパイ／執行官 Burchell Edwards in the West Midlands said: '所有物／資産／財産 availability and 在庫／株 has 増加するd 刻々と since the start of the year, which has enabled 買い手s to 取引 more, submitting lower 申し込む／申し出s and 押し進めるing agreed sales prices 負かす／撃墜する, even though asking prices are remaining 安定した.?

'Vendors that price their 所有物／資産／財産 competitively are seeing a better return on both テレビ視聴者s and 申し込む／申し出s, 生成するing 競争 amongst 買い手s, which 最終的に leads to higher prices 達成するd.?

'However, 買い手s fuelled by 増加するd 所有物／資産／財産 availability are doing their best to get a good 取引，協定 and 交渉するing harder than we have seen for many a year.'

What next for house prices?

The ONS house price 索引 uses Land Registry data and is based on the 普通の／平均（する） sold price of the 普通の／平均（する） 所有物／資産／財産.

However, 所有物／資産／財産 処理／取引s often take months to 完全にする, mea ning it does not やむを得ず 反映する what is happening in the 住宅 market 権利 now.

Separate house price indices from 全国的な and Halifax (which 跡をつける the value of their mortgage 処理／取引s) are not too different.

The?最新の house price 索引 from Halifax?said that house prices have インチd up 0.3 per cent compared to this time last year.?一方／合間, 全国的な has 記録，記録的な／記録するd a 1.6 per cent house price rise 毎年.??

Jonathan Hopper, 長，指導者 (n)役員／(a)執行力のある of 広い地所 スパイ／執行官 Garrington 所有物／資産／財産 Finders believes the 所有物／資産／財産 prices will remain わずかに in limbo until there are その上の mortgage 率 削減（する）s.

He said: 'The trouble is the 回復 has since lost steam as the timeline for major 利益／興味 率 削減（する）s gets 押し進めるd 支援する.?

'消費者 インフレーション is 落ちるing but not nearly 急速な／放蕩な enough . At 3.2 per cent, it’s still 井戸／弁護士席 above the Bank of England’s 的, so the Bank will be in no hurry to 減ずる the cost of borrowing 支援する to more normal levels.

'With mortgages still so expensive, the sums don’t yet 追加する up for some would-be 買い手s.

'Tens of thousands of people who 延期するd their moving 計画（する）s last year are now itching to do so, but until 利益／興味 率s start 落ちるing again, many will stay on the 盗品故買者.

'The prospect of 選挙 不確定 later this year may make the 最高の，を越す of that 盗品故買者 very （人が）群がるd indeed in coming months.

'The 所有物／資産／財産 market is 長，率いるing in the 権利 direction, but 進歩 is likely to be slow and meandering, with wide variations across 地域の and 地元の markets.'

地域の differences: Changes in house prices will be different depending on where you live

Ed Phillips, 長，指導者 (n)役員／(a)執行力のある of the 広い地所 機関 Lomond Group 株 this 感情.

'We’ve seen 非常に／多数の 指示する人（物）s of returning market health in 最近の months but any 改良 in sold prices is alway s going to be more 手段d,' 追加するd Phillips.

'So while その上の 月毎の growth 示唆するs that we’re 長，率いるing in the 権利 direction, it may be a few months more before returning 買い手 activity tips the 年次の 率 of sold price growth into 肯定的な 領土.'