{"id":3022613,"date":"2019-01-16T15:25:22","date_gmt":"2019-01-16T15:25:22","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=3022613"},"modified":"2019-01-16T15:25:22","modified_gmt":"2019-01-16T15:25:22","slug":"west-midlands-leads-way-as-london-house-prices-fall-in-new-data","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-hk\/2019\/01\/16\/west-midlands-leads-way-as-london-house-prices-fall-in-new-data\/","title":{"rendered":"West Midlands leads way as London house prices fall in new data"},"content":{"rendered":"
The West Midlands was the best-performing region in the latest house price figures from the Office for National Statistics (ONS) and outperformed the UK overall, while London slipped back.<\/strong><\/p>\n Average prices in Birmingham and the surrounding area went up by 4.6% in the year to November, while nationally they rose by 2.8% in the same period, a slight rise on 2.7% recorded in October. The ONS\u2019 data, compiled from the Land Registry, puts the country\u2019s average residential property price at \u00a3231,000. However, London was the only English region to record a fall with prices dropping by 0.7%.<\/p>\n The performance of the West Midlands follows on from other statistical findings and more anecdotal evidence that point to a successful time for the region\u2019s property market. Home.co.uk\u2019s<\/a> Asking Price Index showed a rise of 5.2% \u00a0to a figure of \u00a3250,000 late last year, while other figures from the ONS showed record numbers of people fleeing London<\/a> to live in Birmingham.<\/p>\nGood times for Birmingham and surrounding area<\/h4>\n