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Annual house price inflation now at 6.2% says government

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Sat 25 Mar 2017

Annual house price inflation now at 6.2% says government

House prices in the UK increased by 6.2 per cent in the year to January according to government figures.

The Office for National Statistics data shows the average UK house costing £218,000 in January, £13,000 up on the same month last year and £1,000 up on December.

England saw the biggest national rise - up 6.5 per cent in a year to £235,000.

Wales saw house prices increase by 4.2 per cent to £146,000, while in Scotland, the average price increased by four per cent annually to stand at £142,000. 

The average price in Northern Ireland currently stands at £125,000, an increase of 5.7 per cent over the last 12 months.                                   

 

London is of course the region with the highest average house price at £491,000, followed by the South East and the East of England, at £319,000 and £279,000.

The lowest average price continues to be in the North East at £124,000.