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You can find the current article at its original source at http://www.guardian.co.uk/money/2012/jul/02/house-prices-rise-disguises-regional-disparities
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| Version 3 | Version 4 |
|---|---|
| House price rise disguises regional disparities | House price rise disguises regional disparities |
| (12 days later) | |
| House prices in England and Wales rose by an average of 0.5% in May, the Land Registry said, but the headline figure disguised huge differences around the country. | House prices in England and Wales rose by an average of 0.5% in May, the Land Registry said, but the headline figure disguised huge differences around the country. |
| While prices in London surged by 2.6% over the month, in the north-east of England they dropped by 1.9%. Prices in London are now 7.7% higher than in May 2011 while across England and Wales they have risen by just 0.4%. | While prices in London surged by 2.6% over the month, in the north-east of England they dropped by 1.9%. Prices in London are now 7.7% higher than in May 2011 while across England and Wales they have risen by just 0.4%. |
| In the capital the average cost of a home has reached £365,359, more than £200,000 higher than the national average of £161,677. | In the capital the average cost of a home has reached £365,359, more than £200,000 higher than the national average of £161,677. |
| The Land Registry's latest figures for transactions, which relate to March, show that the number of completed sales had increased by 25% to 58,609 compared with 46,742 in March 2011. | The Land Registry's latest figures for transactions, which relate to March, show that the number of completed sales had increased by 25% to 58,609 compared with 46,742 in March 2011. |
| The number of properties sold in England and Wales for more than £1m in March 2012 was down by 41% on the previous year's figures at 501. | The number of properties sold in England and Wales for more than £1m in March 2012 was down by 41% on the previous year's figures at 501. |
| Russell Quirk of online estate agents eMoov.co.uk said the London property market defied economic logic. | Russell Quirk of online estate agents eMoov.co.uk said the London property market defied economic logic. |
| "The outperformance of the London market has more to do with the capital's perceived status as a hedge than it does with any intrinsic strength," he said. | "The outperformance of the London market has more to do with the capital's perceived status as a hedge than it does with any intrinsic strength," he said. |
| "Until forward momentum in the economy returns, the property market overall will continue to bump around from one month to the next with no discernible direction." | "Until forward momentum in the economy returns, the property market overall will continue to bump around from one month to the next with no discernible direction." |
| Top mortgages | Top mortgages |
| Chelsea Building Society | Chelsea Building Society |
| Yorkshire BS | |
| Nationwide | Nationwide |
| Provided by London & Country for the Guardian | Provided by London & Country for the Guardian |