Surrey house prices rising by more than £100 A DAY as average house prices spiral
02-13-2017
Spelthorne has seen prices rise by 9.1% over the past year, Mole Valley 8.8% and Guildford 6.9% - as much as £100 A DAY in some areas
ByConnie Rusk
House prices in some areas of Surrey are rising by more than £100 A DAY, new figures reveal.
In Mole Valley , the average price was £494,799 in December 2016, a rise of 8.8% or £40,071 in a year - the equivalent of prices rising £110 a day.
Spelthorne has seen prices rise by 9.1% or £31,141 in a year, £85 a day, while prices in Guildford were up 6.9%, £28,789, or £79 per day.
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Average house prices in the UK increased by 7.2% in the year to December 2016. This is up from 6.1% in the year to November 2016
However, annual growth was weaker in the second half of 2016 compared with the first half of the year.
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The average UK house price was £220,000 in December 2016.
This is £15,000 higher than in December 2015 and £3,000 higher than last month.
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The main contributor to increased in UK house prices came from England, where house prices increased by 7.7% over the year to December 2016, with the average price in England now £236,000.
On a regional basis, London continues to be the region with the highest average house price at £484,000.
This is followed by the south east and the east of England, which stand at £316,000 and £282,000 respectively.
The lowest average price continues to be in the north east at £129,000.
The east of England is the region which showed the highest annual growth, with prices increasing by 11.3% in the year to December 2016.
Growth in the south east was second highest at 8.5%, followed by London at 7.5%. The lowest annual growth was in the north east, where prices increased by 4.1% over the year.
In December 2016, the most expensive borough to live in was Kensington and Chelsea, where the cost of an average house was £1.3 million.