Annual house price growth lowest for five years

Average house prices in the UK increased by 3.1% in the year to July, according to the Office for National Statistics, the lowest annual rate since August 2013 - when it was 3%. House prices in the North West rose the fastest, though the South West and West Midlands regions both experienced price hikes of 4.4%. The biggest fall was in London, where prices dropped by 0.7% year-on-year, to £484,926. The average UK house price was £231,000 in July, £6,000 higher than in July 2017 and £2,000 higher than last month.

BBC News (19/09/2018)