UK House Price Rise

The latest data from the combined forces of Land Registry and ONS has revealed that in the year to June 2016 UK average house prices have increased by 8.7% - a slight rise of 0.2% from the previous month.

According to the numbers, the main contribution to the increase in UK house prices came from England, where house prices increased by 9.3% over the year to June 2016, with the average price in England now £229,000. Wales saw house prices increase by 4.9% over the latest 12 months to stand at £145,000. In Scotland, the average price increased by 4.6% over the year to stand at £143,000. The average price in Northern Ireland is currently £123,000.

London saw the highest average house price at £472,000, followed by the South East and the East of England, which stand at £309,000 and £270,000 respectively.

The East of England replaces London as the region which showed the highest annual growth, with prices increasing by 14.3% in the year to June 2016, compared to 12.6% in London.