Skip to main content
  • Sign in

British property values fall 1.7% over first quarter of 2012

18th April 2012

The value of the average residential property in Britain fell by 1.7% during the first quarter of 2012 and now stands at £215,436 (down £3,708 from the end of 2011), according to leading property website The latest drop means that average house prices in Britain are now 2.8% (£6,440) lower than one year ago.

The fall in house prices over the quarter was felt across Britain, however Scotland performed best with average property values falling only 1.4% to £162,777 over the quarter and still up 4.1% over the past 12 months. In England, average values have dropped 1.7% since the start of the year to £222,849 and are down 3.2% on a year ago, while average house prices in Wales fell by 1.5% over the quarter to 149,629 and remain 3.3% lower than a year ago.

Over the past 12 months, all but six cities in Britain’s have seen property prices fall. Edinburgh has performed best, up 5.2% over the last year whilst Huddersfield has performed worst with average home values down 6.4% over the same period. Even London has not been immune to the recent drops with property prices in the capital having fallen 2.1% over the past year.

Nicholas Leeming, business development director of, commented: “It has not been the best start to the year in terms of house prices however market activity has begun to show some positive signs of life. For some, the drop in prices is acting as an incentive to act, as more properties become affordable.”

Average property values in Britain by Region

Region April 2012 April 2011 % Change
Scotland £160,479 £154,210 4.1%
East Midlands £156,563 £158,367 -1.2%
East of England £229,735 £232,890 -1.4%
London £407,782 £416,559 -2.1%
South West England £221,052 £225,951 -2.2%
North East England £153,799 £157,611 -2.4%
West Midlands £167,232 £172,705 -3.2%
Wales £149,629 £154,731 -3.3%
South East England £274,760 £287,257 -4.4%
North West England £150,599 £159,129 -5.4%
Yorkshire & The Humber £138,569 £146,725 -5.6%

Source: April 2012

Best performing cities in Britain over last 12 months

Rank Location Avg. value (Apr 12) Avg.  value (Apr 11) % Change
1 Edinburgh £221,919 £210,936 5.20%
2 Dundee £147,510 £144,161 2.30%
3 Doncaster £125,880 £123,820 1.60%
4 Swansea £139,279 £138,097 0.90%
5 Bournemouth £212,370 £211,448 0.40%

Source: April 2012

Worst performing cities in Britain over last 12 months

Rank Location Avg. value (Apr 12) Avg.  value (Apr 11) % Change
1 Huddersfield £138,070 £147,531 -6.40%
2 Hull £106,950 £112,924 -5.30%
3 Lincoln £150,101 £158,093 -5.10%
4 Wigan £126,478 £132,986 -4.90%
5 Leeds £159,211 £165,832 -4.00%

Source: April 2012

- Ends -

For further information, please contact PR Team on [email protected] or +44 (0)20 3873 8770.

About Zoopla

Hello. We're Zoopla. A property website and app.

We know you're not just looking for a place to live. You're looking for a home.

Yeah, we've got over a million properties for you to browse.

Tools that let you filter them in all kinds of clever ways.

And reliable house price estimates, so you can be sure you aren't paying over the odds.

But we know you're looking for more than that.

Because that first flat won't just be a 'great investment opportunity'.

It'll be the feeling of starting out on your own.

That extra bedroom won't just mean another £20K on the re-sale price, it'll mean having your sister over to stay.

And that bungalow won't just be a way to release some equity, it will be a chance to spend more time with the grandkids.

We know that searching for a home is about more than just checking its price, location and features (important as all those things are).

What really matters is how it makes you feel.

We know what a home is really worth.

So let us help you find yours.

Zoopla is part of Zoopla Limited which was founded in 2007.

Zoopla Limited, The Cooperage, 5 Copper Row, London, SE1 2LH
Registered in England and Wales with Company No. 06074771
VAT Registration number: 191 2231 33
Data Protection number: Z9972266

Back to Press releases