“House prices rose to a record level last month, beating their pre-recession peak for the first time since the financial crash. …Prices have fallen in only one month out of the past 18. …Peter Williams, chairman of Acadametrics, said: ‘There is a distinct north-south divide, with regions in the southeastern part of the UK recovering at a much faster rate than those in the north.’â€
Daily Mail 14/06/2013
Mike’s comments: These rises are of course, London-centric. Property prices in South Wales appear currently to have little month-to-month variation as far as “sold†prices go. Note however, the old adage that states when property prices fall it is the lower priced properties that go first, and when prices rise, it is the higher value properties that gain value first.