Average UK Property Price
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Average UK Property Price for 2006 - 2007
The property price is the amount a property is worth when a borrower takes out a mortgage for a property. It does not represent how much the purchaser of the property actually pays for the property.
The average prices for property purchases by region in 2006 and 2007 are shown below. Purchases includes first time buyers and buy to let enquiries.
| <75 | 75-100 | 100-125 | 125-150 | 150-175 | 175-200 | ||||||
| 200-225 | 225-250 | 250-275 | 275-300 | 300-325 | 325-350 | ||||||
| 350-375 | 375-400 | 400 -425 | 425-450 | 450-475 | >500 |
Average Property Price Highlights
Points of interest determined from the average property price map for 2006 and 2007 are.
- The average price for a planned property purchase by users of Mortgages.co.uk was £158,372 in 2006, rising to £176,092 in 2007, an increase of 11%.
- Berkshire and Bournemouth experienced above average increases in average property price of 22% and 29% respectively from 2006 to 2007.
- The average property price increase in Birmingham was an above average 16% compared to a below average 7% for the rest of the West Midlands.
- Tyne and Wear average property prices increased by 13%.
- Greater London average increase in average property price was 10% with the average rising from £253,462 in 2006 to £279,614 in 2007 there.
- Edinburgh and Glasgow saw slightly below average increases in average property price, 8% and 6% respectively.
- North and West Yorkshire average increases in average property prices were well above average at 23% and 21% respectively, compared to below average 9% in South Yorkshire.
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