A number of private landlords have opted to increase their property portfolios since the onset of the financial crisis - and it would seem that in some areas they will now be experiencing an increase in the value of bricks and mortar.

The Land Registry released its house price data for April yesterday, suggesting that the cost of London property was up 1.4 per cent on March's figure.

Private landlords and other homebuyers will now have to pay an average price of £302,411 for property in the capital.

London was the area with the biggest house price increase, the Land Registry explained, while Middlesbrough had the most significant fall.

There was a monthly change of minus 4.4 per cent in the Teesside town, while York was the only city not to witness a month-on-month change in average value.

Nationwide Building Society recently released research, which indicated that the average value of a UK home increased 1.2 per cent in May.

Written by Sarah Field
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