The figures for England and Wales compared the period January to March 1997 with the same three-month period last year. The average house price is pounds 72,900 - up 8.6 per cent on the January to March 1996 figure of pounds 67,097.
Prices in parts of London and the south-east have been soaring in recent months, partly as a result of property shortages. In the London borough of Camden, a detached house which would have cost an average of pounds 375,000 early last year has rocketed to around pounds 640,000.
The average price of a house in Greater London as a whole has burst through the six-figure barrier, reaching pounds 107,900 - up 12.2 per cent on the January to March 1996 figure of pounds 96,220.Reuse content