Price of an average house price in England and Wales rose 12.62% in 2003 from £145,251 to £163,584, according to the official Land Registry.
Quarterly residential property figures reveal Wales saw the highest house price climb in 2003, as its properties grew an average 24.5% from £89,342 to £111,272, while Greater London saw a rise of just 7.78%, increasing the average London property value from £241,838 to £260,659.
At the same time, however, 760 London properties worth over £1m were sold in 2003, suggest the October – December figures, says the Land Registry.
AVERAGE PRICE BY COUNTRY AND REGION
|COUNTRY/REGION||OCT -DEC 2002AVE. PRICE||OCT-DEC 2003AVE. PRICE||% INCREASE|
|ENGLAND & WALES||£145,251||£163,584||12.62%|
|YORKS & HUMBER||£91,281||£112,351||23.08%|
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