“Fair Prices” For UK Houses

House prices have begun to rise, climbing 1% in June, according to data collated by Nationwide, and surpassing peaks reached in 2007 prior to the 2008 global financial crisis. They are currently holding at an 11.8% from this time last year, with the average price for a property in London valued at over £400,000 for the first time. However, estate agents and surveyors say that there are variations in house prices throughout the country, and London does not necessarily reflect the situation elsewhere. For instance, the Land Registry has stated that prices have been falling in some areas of the North…